Read Time:31 Second
The 2-year Treasury yield jumped 23 basis points to 4.15% in New York morning trading amid a broad-based selloff of government debt ahead of the Federal Reserve’s policy decision on Wednesday. Tuesday’s selloff also produced a 21- and 20-basis-point jump respectively in the 1- and 3-year rates, as traders factored in fewer rate cuts by year-end. Meanwhile, the 10-year rate was 10 basis points higher, at 3.576%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
