US Treasury bond yields are showing a moderate decline, while investors are waiting for the speech of Fed Chairman Jerome Powell in the Senate, which may contain hints about the prospects for monetary policy.
The yield on 10-year Treasury bonds fell by 2.8 basis points, reaching 1.752%, while the yield on 30-year bonds was 2.08% (-2.9 basis points).
Powell's speech in the Senate is scheduled for 15:00 GMT. Kansas City Fed President Esther George and St. Louis Fed President James Bullard will also deliver speeches today.
As for the data, the IBD/TIPP economic optimism index for January will be released at 15:00 GMT. The index is expected to rise to 50.2 points from 48.8 points in December.
Traders are also waiting for key US inflation data for December, which will be published on Wednesday. Analysts expect that the consumer price index in December increased by 7% year-on-year and by 0.4% compared to November. In November, consumer prices in the United States rose by 6.8% year-on-year, the fastest pace since 1982.