Economic TimesLean R·
US 10-year Treasury bonds hit 19-year high ahead of Fed rate decision
US Treasury yields climbed on Tuesday, with the benchmark 10-year yield touching its highest level since July 2007 as investors increasingly expect the Federal Reserve to raise interest rates this week. Rising oil prices are adding to inflation concerns, while markets are now preparing for what could be the first in a series of rate hikes, Reuters reported.The 10-year Treasury yield rose 4.7 basis points to 5.008% after reaching 5.041%, its highest since July 19, 2007. It was on track for its s…
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