Treasury Yields Rise On Stimulus Expectations — Market Talk

Bonds slide, sending the 10-year Treasury yield 0.02 percentage points higher, to 0.94%, as policymakers move towards a new stimulus package and investors wait to hear from the Fed later today. “The eyes and ears of Wall Street traders today will fall upon the Fed’s economic outlook and future monetary policy,” says Spartan’s Peter Cardillo. With the economy struggling, as shown by today’s worse-than-expected retail data, Cardillo doesn’t expect major moves on monetary policy, but maybe an increase in purchases of long-term Treasurys to put a lid on yields. “Fed watchers could be a little disappointed,” he says.