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Treasury yields edge lower as oil prices cool overnight

With economic data light, traders appear to be looking ahead to the Wednesday Fed announcement for guidance on policy.

Reported · Written up by our desk · Economy

Mortgage News Daily reports that bond yields moved lower overnight, alongside lower oil prices.

The outlet said the latest decline was less sharp than the prior session, but noted that after last week's sell-off, the bond market was taking incremental gains.

It characterized the day's scheduled economic data as light, adding that a planned 7-year Treasury auction is typically not a major source of market drama.

With attention shifting to war headlines and the Fed, Mortgage News Daily said the Wednesday afternoon Fed announcement remains the key event for clarifying the policy stance and guiding how the bond market adjusts.

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