U.S. Treasury yields inch lower as investors look ahead to the Fed's rate decision - CNBC

U.S. Treasury yields inched lower Monday as investors look ahead to the central bank's interest rate decision and await a flurry of economic data this week. The benchmark 10-year Treasury yield was down less than 1 basis point to 4.98%, and the 30-year Treasury bond yield declined 1 basis point to 5.302%. The 2-year Treasury note yield was barely changed at 4.6752%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. Investors are keenly anticipating the main event of the week, which will be the Federal Reserve's interest rate decision on Wednesday. Traders are pricing in an over 90% chance that policymakers will hold interest rates steady at the current target range of 3.75% to 4%, per the CME FedWatch Tool .