Treasury yields edge lower as investors look ahead to FOMC meeting minutes

U.S. Treasury yields inched lower early on Monday as investors looked ahead to the latest FOMC minutes due later in the week and the NATO Summit taking place in Turkey.

At 4:26 a.m. ET, the benchmark 10-year Treasury yield was down nearly 2 basis points to 4.459%, and the 2-year Treasury note also declined by over 1 basis point to 4.112%. The 30-year bond shed 1 basis point to yield 4.969%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

The bond market was closed for Independence Day celebrations on Friday, July 3. Investors are now looking ahead to FOMC meeting minutes from June on Wednesday for further insight into the Federal Reserve's latest monetary policy decisions.

This was the first meeting led by the new Federal Reserve Chairman, Kevin Warsh, and investors will watch closely to get a better sense of his approach as the central bank's head.

On Thursday, investors will await weekly initial jobless claims data and the existing home sales report from June.

Elsewhere, investors will keep an eye on the NATO Summit taking place in Ankara, Turkey, set to begin on Tuesday, with U.S. President Donald Trump in attendance. Leaders from the alliance's 32 member states are expected to focus on boosting defence spending, strengthening NATO's military capabilities and coordinating support for Ukraine.