- The Fed will meet on Tuesday and Wednesday, with investors watching for any indications on the future direction of the central bank's policy.
- The personal consumption expenditures index, one measure of inflation, is then expected to come out Friday.
U.S. Treasury yields held steady on Monday ahead of the Federal Reserve's policy meeting and inflation data, due out later in the week.
The Fed will meet on Tuesday and Wednesday, with investors watching for any indications on the future direction of the central bank's policy. Fed Chairman Jerome Powell will host a press conference Wednesday afternoon to discuss the Federal Open Market Committee's decision.
Data out Monday showed new orders for capital goods rebounded less than expected in March. The Commerce Department said orders for non-defense capital goods excluding aircraft rose 0.9% last month, missing Dow Jones estimates of a 2.2% increase.
Traders will also monitor inflation data Friday. The personal consumption expenditure report is expected to show a 1.8% rise in core inflation, still below the Fed's target of 2%. Other data releases include the first-quarter gross domestic product on Thursday, which is expected to have grown by 6.5%, according to Dow Jones.
Auctions will be held Monday for $57 billion of 13-week bills, $54 billion of 26-week bills, $60 billion of 2-year notes and $61 billion of 5-year notes.