Treasury yields inch higher ahead of Fed

By FXStreet FXStreet (Mumbai) – The treasury prices in the US slipped, pushing the yields higher ahead of the conclusion of the two-day Federal Reserve Open Market Committee meeting.

The yield on the 10-yr Treasury note currently trades 2.6 basis points higher at 2.02%. The 2-yr Treasury yield, which mimics the short-term rate hike expectations, is largely flat around 0.861%.

The action across the yield curve clearly indicates the markets expect a dovish message. The central bank is not expected to raise interest rates at the meeting.

Earlier today, the 10-yr yield was trading slightly below 2% on account of the moderate risk aversion in the Asian and European equities.
For more information, read our latest forex news. …read more

Source:: FX Street