Treasury yields ticked higher early Monday as traders anticipate the U.S. Federal Reserve’s next moves in the face of persistently high inflation. The yield on the 2-year Treasury bond rose 7 basis points to trade at 3.93% at 6:41 a.m. ET, trading around levels not seen since 2007. The yield on the 10-year Treasury, meanwhile, gained nearly 5 basis points to 3.494%. … The Fed’s two-day meeting is due to begin Tuesday, with most market participants expecting another 75-basis-point hike by the central bank. Some analysts have, however, argued the Fed could increase interest rates by a full point, or 100 basis points.
Source: CNBC – Bonds
