Treasury yields rose on Tuesday as traders await the Federal Reserve's decision on interest rate hikes, which is expected to be announced on Wednesday.
The policy-sensitive 2-year Treasury gained about 2 basis points, reaching 3.9707% — a level it had not hit since late 2007. The yield on the 10-year Treasury was up 3 basis points to 3.5219% at 4:30 a.m. ET. The benchmark treasury note had jumped as much as 6 basis points to 3.518% on Monday, a level it had not reached since April 2011.
Source: Loan Digest (loandigest.net)
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