U.S. Treasury Bond Yields Surge to Two-Week High

Treasury bond yields in the United States rose on Tuesday to their highest level in about two weeks, amid anticipation for the outcomes of the Federal Reserve meeting.

It is expected that U.S. monetary policymakers will maintain the current policy and signal a commitment to the current interest rates and pace of asset purchases for the coming two or three years.

In addition, an improvement in consumer confidence led to lower demand for safe-haven investments.

The rise in bond yields provided support for the U.S. Dollar (USD), which maintained fluctuations in a relatively tight range, mostly in the positive territory.

The benchmark 10-year Treasury bond yield increased by 5.4 basis points to reach 1.622%, its highest increase in a month to the highest level in two weeks. Meanwhile, the 30-year bond yield leveled up by 1.4 basis points to 2.257%.