2-year Treasury yield goes above 4% ahead of Fed’s policy announcement; 3-year rate rises to 3.99%

0
10

The policy-sensitive 2-year Treasury rate edged above 4% ahead of the Federal Reserve’s policy update at 2 p.m. Eastern time, and is poised to end the New York session at another 15-year high. The last time the U.S. 2-year Treasury yield TMUBMUSD02Y, 4.074% closed at 4% or higher was on Oct. 16, 2007. Meanwhile, the 3-year rate TMUBMUSD03Y, 4.058% was not far behind, at 3.99%. Investors are highly focused on policy makers’ projections for where the fed funds rate could ultimately end up, following a widely expected rate hike on Wednesday.

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

Previous article: Ray Dalio says stocks, bonds have further to fall, sees U.S. recession arriving in 2023 or 2024
Next articleStocks have changed direction again and are moving higher after Fed move

LEAVE A REPLY

Please enter your comment!
Please enter your name here