US Treasury yields tick higher as investors await key central bank meetings

US Treasury yields tick higher as investors await key central bank meetings

U.S. Markets Overview: Treasurys chart

At around 04:30 a.m. ET, the yield on the benchmark , which moves inversely to price, was higher at around 1.7333%, while the yield on the was also higher at around 2.2155%.

Market participants are likely to closely monitor a flurry of central bank meetings over the coming days, with many investors hoping for further easing amid a slowdown in global growth.

The (ECB) will meet on Thursday, with policymakers seen as likely to announce a package that could include a rate cut.

The U.S. will meet next week, on September 18, with the scheduled to conclude its policy meeting the following day.

On the data front, producer price index (PPI) and core PPI data for August will be released at around 8:30 a.m. ET. Wholesale trade data for July will be released slightly later in the session.

The U.S. Treasury is set to auction $24 billion in 9-year and 11-month notes on Wednesday.