---
title: "Bond Traders Await Powell Update, Slate of US Treasury Auctions"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284122390.md"
description: "Traders in the US Treasury market are focusing on the upcoming Federal Reserve meeting to assess inflation outlook amid elevated oil prices. The Fed is expected to maintain interest rates, but traders anticipate a potential cut by year-end, with a 40% chance reflected in swaps markets. Current Chair's press conference will be closely watched for updates on his future plans. Benchmark yields have remained stable, and economic data releases this week, including inflation readings, will be significant as employment and retail sales show resilience despite rising oil prices."
datetime: "2026-04-26T21:01:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284122390.md)
  - [en](https://longbridge.com/en/news/284122390.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284122390.md)
---

# Bond Traders Await Powell Update, Slate of US Treasury Auctions

Traders in the US Treasury market are turning their focus to this week’s Federal Reserve meeting to gauge how officials are assessing the outlook for inflation as tensions in the Middle East keep oil prices elevated.

The central bank is widely expected to keep interest rates on hold Wednesday, although traders are leaning toward a cut by year-end. On Friday, swaps markets reflected around a 40% chance of a reduction by then, rising from about 20% after the Justice Department its investigation into the Fed.

The move potentially opens a path for President ’s pick, , to become Fed chair and push for easier policy. Against that backdrop, traders will be listening closely to current Chair ’s press conference after Wednesday’s policy decision for an update on his plans after his term ends in May.

Benchmark yields have been stuck in a range for the past couple weeks as traders followed the negotiations toward a resolution of the Iran war. With crude prices still well above their pre-war levels, economists have for US inflation and say they anticipate only one Fed cut this year.

Investors will get a slew of data releases this week, including readings on inflation. Employment and retail sales continue to hold up, suggesting a resilient economy last month even as oil prices surged.

The week will likely feature buying of Treasuries tied to month-end. Tests of demand for US debt at current yield levels are also ahead, with sales including Monday’s auctions of two-, and five-year notes.

• Economic data:

• Fed calendar:

• Auction calendar:

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