Treasury yields slightly higher ahead of Fed

By FXStreet FXStreet (Mumbai) – The Treasury prices in the US fell, pushing the yields slightly higher as the markets await much anticipated Federal Reserve interest rate decision, where the bank is expected to raise rates.

The US 10-year treasury note yields ticked slightly higher to trade around 2.284%, after closing at 2.266%. The 2-year treasury yield advanced to a high of 0.988%. The shorter duration 2-yr yield is widely known to represent the short-term interest rate expectations.

The longer-dated US 30-year rose to 3.00% after finishing at 2.991% on Monday. Meanwhile, according to the CME group data, the traders see an 81% chance of a rate rise today.
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Source:: FX Street