The benchmark Treasury Yield rose to its highest level since April 2011 as investors brace for another major interest rate hike this week. 10-Year U.S. Treasury yield climbed to the highest level since April 2011 as markets brace for a third straight 75 basis points interest rate hike at the Fed’s Wednesday. The benchmark 10-year yield rose six basis points to over 3.5%, a new decade high…. The jump comes as investors await the Federal Open Market Committee (FOMC) meeting on Sept. 20-21, when the U.S. central bank is almost widely expected to deliver another 75 bps interest rate hike after two in July and August.
Source: Investing.com
