longerdated treasury yields were slightly higher tuesday as global equity markets mostly rose and investors awaited speeches from federal reserve members ahead of the central bank’s next policy meeting in early november when it may announce the start of a reduction in its monthly bond purchases after a jump monday treasury yields were relatively steady tuesday with the 2year treasury yield edging back after extending a climb on monday to the highest level since march of 2020 on tuesday investors will see a host of fed speakers delivering their final comments before the next policy meeting on november 2 – 3  those include san francisco fed president mary daly who is slated to deliver introductory remarks at a regional banker forum at 11 am eastern atlanta fed president raphael bostic who will speak twice tuesday at a fed conference on careers in economics at 1 pm and a discussion with the hill’s editor at large about at 2 pm meanwhile fed gov michelle bowman and richmond fed president tom barkin will talk about diversity and economic recovery at a richmond fed conference at 115 pm and the parade concludes with fed gov christopher waller offering insights about the economic outlook at the stanford institute for economic policy research at 3 pm in economic reports a report on us housing starts and permits for september is due at 830 am with economists polled by econoday on average expecting a 1621 million annual pace for starts compared with 1615 million in the month before and permits are expect to slow to 1680 million in september from 1728 million in august moves in government debt are set against expectations that the fed will start to reduce its 120 billion in monthly purchases of treasurys and mortgagebacked securities some analysts have been concerned however that the fed may need to taper its pandemicera purchases at faster clip as a prelude to soon lifting policy interest rates to curb inflation yields for debt also have been sensitive to signs of nearterm pricing pressures emanating from the energy market with us crudeoil futures cl1 rising to the highest level in about seven years what analysts are saying “and yes taper then rate hikes with the market quickly pricing in the latter in the end there is plenty of time between now and the middle of 2022” wrote gregory faranello executive director of amerivet securities in a tuesday research note referring to marketbased expectations that the first interest rate hike might occur in the middle of next year “and once the taper process begins and rolls into 2022 the markets will reevaluate how quickly the fed will deliver increases to official rates in linear fashion granted could be quicker as per powell at 15 billion per month beginning next month we end up at the june fomc rate hikes that same month ”