Inflation data, Treasury Treasury auctions on Wall Street

At approximately 2:50 ET, the benchmark 10-year Treasury stock price, which moved in the opposite direction of price, was greater than around 2.5090, while that of 30-year Treasury bonds was also greater than about 2.9327.

Market participants are eagerly awaiting a meeting of the US Federal Reserve and publishing data on Chinese factories to gain additional clues to policy direction in the world's largest economies.

This comes after the US announced stronger than expected growth in the first three months of the year. Official data showed that gross domestic product (GDP) stood at an annualized rate of 3.2% in the first quarter, exceeding badysts' expectations.

The Federal Open Market Committee (FOMC) of the US central bank will announce Wednesday its latest monetary policy decision.

On the data front, the March reading for essential personal expenses (PCE) – the Fed's preferred inflation measure – will be released around 8:30 am ET. Personal income figures and consumer spending data for March will be released at the same time.

At the same time, the US Treasury is expected to auction $ 39 billion of 13-week bills and $ 36 billion of vouchers at 26 weeks.

Elsewhere, oil prices fell during the morning trading, prolonging the slump of the previous session, after President Donald Trump asked OPEC to increase production to mitigate the impact of US sanctions against oil. Iran.

Brent crude traded at 71.71 USD Monday morning, down more than 0.6%, while WTI (West Texas Intermediate) was 62.91 USD, down 0.6 % about.