: 2-year Treasury jumps back above 4% as selloff in bonds gains steam


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%.

This article was originally published by Marketwatch.com. Read the original article here.

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