Treasury yields fell on Monday amid uncertainty over the U.S. government debt-ceiling negotiations.
What’s happeningWhat’s driving markets One-month Treasury bills BX:TMUBMUSD01M, which have provided a gauge of the market’s debt ceiling stress, were down 1.6 basis points to 5.391%. That remains near a cycle high and above the 3-month bills BX:TMUBMUSD03M yield of 5.237%What’s happening What’s driving markets One-month Treasury bills TMUBMUSD01M , which have provided a gauge of the market’s debt ceiling stress, were down 1.6 basis points to 5.391%.
The ‘Fedspeak’ on Monday includes St. Louis Fed President James Bullard making comments at 8:30 a.m. Eastern, San Francisco Fed President Mary Daly talking at 11 a.m., while Atlanta Fed President Raphael Bostic and Richmond Fed President Tom Barkin will be in conversation at the Technology-Enabled Disruption Conference at 11:05 a.m.
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