U.S. Treasuries on track for a higher start with the long bond expected to pace the early advance.
Treasury futures began rising last evening, continuing their push into the night. The market reached highs around 4:00 ET, followed by some backtracking in recent trade.
Overnight action saw the release of final Manufacturing PMI readings from major economies.
The U.S. session will also feature a sizable batch of economic data, but the main focus will be on the FOMC announcement at 14:00 ET and Fed Chairman Powell’s press conference at 14:30 ET.
U.S. Dollar Index is down 0.2% at 101.86.
Yields:
2-yr: -1 bp to 4.20%
3-yr: -4 bps to 3.88%
5-yr: -5 bps to 3.59%
10-yr: -4 bps to 3.49%
30-yr: -5 bps to 3.61%