2-year Treasury yield dips as investors await Fed meeting minutes

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2-year Treasury yield dips as investors await Fed meeting minutes
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U.S. Treasury yields were little changed on Wednesday as markets reopened after the July 4 holiday.

, noting that the pause allowed officials to consider fresh data and the impact of previous rate hikes., traders are currently pricing in a 88.7% chance of the Fed hiking rates again at its July meeting.

Investors also looked ahead to new labor markets data expected later in the week, including JOLTs job openings and ADP's employment change report on Thursday — and June's jobs report on Friday. These data points are likely to inform the Fed's next policy move as well as provide clues about the state of the U.S. economy.

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