FX.co ★ Treasury Yields Edge Down

On Monday, the yield on the US 10-year Treasury note slightly declined to 4.17%, following Friday's four-month high of 4.19%. This adjustment occurred as traders observed developments in Venezuela, where an initial decrease in oil prices alleviated concerns about ongoing inflation. Additionally, geopolitical tensions rose over the weekend when the US captured Venezuelan leader Maduro and his wife, leading to a slight increase in demand for safe-haven assets. Investors are also preparing for a busy week filled with data releases in the US, including the highly anticipated jobs report, which will provide further insight into the state of the economy. Currently, money markets are factoring in the possibility of two quarter-point interest rate reductions by the Federal Reserve this year, with an estimated 25% chance of a third cut.