US Treasury yields on Tuesday surpassed more than a decade highs on expectations that the Fed could announce a rate hike of between 75 and 100 points on Wednesday.
The ten-year U.S. Treasury yields rose to 3.544 percent against Monday’s close of 3.493 percent.
Yields on this type of sovereign securities fell to a current session low of 3,475% versus a high of 3.602%. US Treasury yields benefit from forecasts fueled by the latest inflation data released last week.
Despite a limited decline in some readings on consumer and producer prices in the United States after annual readings threw inflation levels excluding food and energy prices, indicated that prices remain at the highest levels in more than 40 years.
Expectations and bets on the next Fed’s hike were also reinforced by continued improvement in US labour market conditions and a parallel improvement in consumer spending, reflecting the continued healthy and robust demand levels in the United States.
Tags FED interest rate hikes
Check Also
Where US Economy Stands Prior To Election Results
As voters prepare to choose the next president, the U.S. economy is, by most measures, …