U.S. Treasury Yields Mostly Fall, Await Likely Fed Rate Hike
Dow Jones
1 hour ago
0545 GMT - U.S. Treasury yields fall across maturities except for small increases on the ultralong end, as investors await a likely rate hike by the Federal Reserve on Wednesday. "We are ripping off the band-aid and now expect the FOMC [Federal Open Market Committee] to lift its policy rate by 25 basis points in September, beginning a tightening cycle that should see the Fed deliver a total of 75bps of hikes between September and Q1 2027," say analysts at TD Securities in a note. After September, they expect follow-up hikes in October and January. The two-year Treasury yield falls 3.3 basis points to 4.610%, while the 10-year Treasury yield is down one basis point to 4.964%, and the 30-year yield rises 0.8 basis point to 5.362%, according to Tradeweb.
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