Treasury yields rose on Tuesday as traders await the Federal Reserve’s decision on interest rate hikes, which is expected to be announced on Wednesday.
Treasury yields rose on Tuesday as traders await the Federal Reserve's decision on interest rate hikes, which is expected to be announced on Wednesday.
The policy-sensitive 2-year Treasury gained about 2 basis points, reaching 3.9707% — a level it had not hit since late 2007. The yield on the 10-year Treasury was up 3 basis points to 3.5219% at 4:30 a.m. ET. The benchmark treasury note had jumped as much as 6 basis points to 3.518% on Monday, a level it had not reached since April 2011.
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