Treasury yields push higher ahead of Fed decision
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Fed holds rates steady
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Shorter-term Treasury yields are still climbing, lifted by investors' worries that the Iran war is boosting inflation and lowering the chances of interest-rate cuts any time soon. The yield on the 2-year Treasury,
The 2-year Treasury yield rose on Thursday after new labor market data and as inflation fears linked to the U.S.-Iran war continued to sour sentiment.
Treasury yields hit session highs on Wednesday afternoon as Federal Reserve Chair Jerome Powell told journalists that the possibility of the central bank's next move being an interest-rate hike was discussed during its most recent meeting — as it was during its previous meeting.
Monday morning (March 2), the 10-year Treasury yield shot up by 14 basis points from the Sunday low to 4.07%. The 30-year Treasury yield rose to 4.77% on Friday, back where it had been in April 2024,