U.S. Treasury yields rose on Wednesday as investors awaited the latest monetary policy decision from the Federal Reserve. The yield on the benchmark 10-year Treasury note was higher at 2.987 percent, while the yield on the 30-year Treasury bond was higher at 3.148 percent.
This comes at a time when the attention of the markets towards the US interest rate decision, where the Federal Open Market Committee (FOMC) is set to conclude the second day of its two-day meeting. Although most of the expectations are in favor of not taking any new decisions or adjustments to interest rates, but this meeting controls the interest of investors to know the direction of the bank for the next period and will be the decision to raise interest for the second time this year at the next meeting in June.
UK construction sector resumed its growth again in April, that construction PMI returning to a positive range of 52.5 points after stabilizing near its 20 month low. But IHS Markit said the construction sector’s difficulties in recent months has clearly been influenced by economic, political and Brexit uncertainties fuelling clients’ caution over committing to new projects.
