Traders work on the floor of the New York Stock Exchange at the opening bell on March 7, 2025.
The benchmark 10-year Treasury yield rose Tuesday as investors looked ahead to the Federal Reserve's monetary policy decision Wednesday.
The 10-year Treasury note yield rose more than 1 basis point to 4.32%. The 2-year Treasury yield was up less than 1 basis point at 4.057%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
Investors will be watching the Federal Reserve's two-day policy meeting, which gets underway Tuesday. Officials are expected to leave benchmark overnight borrowing rates unchanged at the 4.25% to 4.50% level, according to the CME Group FedWatch Tool.
Get top local stories in Philly delivered to you every morning. Sign up for NBC Philadelphia's News Headlines newsletter.
Fed Chairman Jerome Powell has affirmed that the central bank is not eager to reduce interest rates. Still, investors will watch his comments closely after the meeting for any indications of economic weakness or adjustments in monetary policy.
Existing home sales data for the month of February is also slated for release on Thursday.
Investors have been finding it difficult to keep up with U.S. President Donald Trump's rapidly shifting tariff policies, as well as Elon Musk's bold cost-cutting measures in the Department of Government Efficiency, both of which have caused market volatility and raised concerns about the confidence of businesses and consumers.
Money Report
Concerns about a recession have also increased recently as Wall Street assesses the impact of said tariffs and any retaliatory actions from key trading partners.
