U.S. government debt prices were lower Monday morning, as traders await a crucial Federal Reserve meeting this week.
Traders are largely focused on monetary policy with a Federal Reserve meeting due to start Tuesday.
Market expectations point to the Fed cutting interest rates this year, but several analysts told CNBC that they do not see a change in monetary policy happening this week.In terms of data, investors will be looking ahead to Empire State manufacturing data at 8:30 a.m. ET; NAHB housing index due at 10 a.m. ET and TIC data at 4 p.m. ET.There are no key Fed speeches scheduled.
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