reasuries swung from declines to gains as investors look forward to speeches by Federal Reserve policy makers this week for new clues on whether it will raise interest rates by a half point in May.
U.S. government bonds dropped across the curve in earlier trading before erasing their move. The two-year yield was little changed on the day around 2.45%, while the 10-year rate slipped more than a basis point to 2.81%.
Regional Fed chiefs, including James Bullard, Charles Evans and Mary Daly, will discuss the economy this week, while Chair Jerome Powell is scheduled to make final public remarks on Thursday before the U.S. central bank’s pre-meeting quiet period.
This article was provided by Bloomberg News.