As investors anticipate crucial information and a Federal Reserve meeting, treasury yields decline.

On Monday, U.S. Treasury yields decreased, with investors anticipating important economic data and the Federal Reserve's first interest rate decision of the year.

The yield on the decreased by 9.4 basis points to 4.066%, while the yield retreated by 5.5 basis points to 4.31%.

Prices and yields move in opposite directions, with one basis point equal to 0.01%.

The Fed's next interest rate decision, anticipated on Wednesday, and crucial economic data awaited investors this week.

The Fed's key inflation gauge, the personal consumption expenditures price index, was published on Friday. It rose 0.2% from the previous month and 2.9% on an annual basis. However, economists surveyed by Dow Jones had predicted increases of 0.2% and 3%, respectively.

The central bank's interest rate decision will be published on Wednesday, and the Fed's January meeting will start on Tuesday.

The Fed is expected to keep rates unchanged, and investors are hoping for new information on the interest rate outlook, particularly regarding potential cuts. According to CME Group's FedWatch tool, markets are currently pricing in a nearly 50% chance of rates being cut at the Fed's March meeting.

This week, key data from the labor market that could indicate the state of the economy and the effect of interest rates will be released, including the latest JOLTs job openings figures on Tuesday, ADP's private payrolls report on Wednesday, and the January jobs report, which includes nonfarm payrolls and unemployment figures, on Friday.