Economic TimesLean R·
Shorter-dated US Treasury yields surge in anticipation of another Fed rate hike
Shorter-dated U.S. Treasury yields rose on Wednesday after the Federal Reserve raised interest rates and flagged further increases in borrowing costs in the coming months to control inflation.Two-year Treasury yields extended gains as Fed chief Kevin Warsh spoke and hit 4.738%, their highest level since July 2024. The benchmark 10-year yield turned higher.The decision on the rate increase, which was the Fed's first in over three years, was unanimous.New policy projections showed 16 of 18 policy…
Read at Economic Times →
