Investors Sell U.S. Treasurys in Asian Trade, Yields Rise
Dow Jones
1 hour ago
0542 GMT - U.S. Treasury yields rise across maturities in Asian trade after the 10-year yield rose above 5% for the first time since October 2023 on Monday. Investors await the Federal Reserve's rate decision on Wednesday, with a 25bp hike priced in with a 93% probability, according to LSEG. "Logic would suggest that a rate hike should calm the back end," ING's rates strategists say in a note. "However, the back end is super flighty," they say. The two-year yield is up 4.4 bps at 4.676%, while the 10-year Treasury yield rises 6.2 bps to 5.021%, according to Tradeweb.
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