The yield on US Treasury bonds rose moderately, while investors are preparing for the publication of important US data.
The yield on 10-year Treasury bonds rose by 2.8 basis points, reaching 1.836%, while the yield on 30-year bonds was 2.123% (+3.2 basis points). Meanwhile, the yield on 2-year Treasury bonds, reflecting expectations of short-term interest rates, rose by 2.0 basis points to 1.212%.
The results of the Fed meeting also remained in the focus of investors' attention. Fed Chairman Jerome Powell said that members of the Federal Open Market Committee (FOMC) intend to raise the rate in March in an attempt to curb inflation. He also made it clear that the Fed is likely to increase the rate faster than it has done in the past.
As for the US data, today at 13:30 GMT a report on personal spending and personal income for December will be released, as well as the PCE price index ex food - a key indicator of inflation for the Fed. Personal spending is expected to fall 0.6% after rising by 0.6% in November, while personal income rose by 0.5% after rising by 0.4%. PCE price index ex food, according to forecasts, increased by 0.5% on a monthly basis and by 4.8% per annum.
Meanwhile, at 15:00 GMT the Reuters/Michigan Consumer Sentiment Index for January will be released. The index is expected to fall to 68.7 points from 70.6 points in December.