NEW YORK: Options investors are positioning for rising Treasury yields, as improving data and rising hopes for a COVID-19 vaccine fuel bets on U.S. economic growth.
The Federal Reserve, which concludes a monetary policy meeting on Wednesday afternoon, has pledged to hold rates near zero for the foreseeable future to help the economy recover from the damage caused by the novel coronavirus pandemic. By contrast, factors like a COVID-19 vaccine and additional U.S. fiscal stimulus could push yields higher, he said.
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