CNBC reports that U.S. Treasury yields fell slightly on Monday, but the 10-year held above the 1.6% mark, ahead of the Federal Reserve meeting later this week.

The Federal Open Market Committee is scheduled to meet on March 16 and 17. The Fed is expected to forecast better economic growth, following the signing of the $1.9 trillion coronavirus fiscal relief package last week.

Bonds investors will also be keeping an eye on whether the Fed alters its interest rate outlook, with its decision on rates due to be announced Wednesday after the FOMC meeting.