declined by 2 basis points and was last at 3.9418%. Both Treasury notes had reached highs on Tuesday, rising to levels last seen in 2011 and 2007 respectively.
The Federal Reserve is expected to announce interest rate hikes aiming to control inflation on Wednesday as its September meeting comes to a close. Analysts are broadly expecting a 75 basis point hike, but some think the central bank will go beyond this to 100 basis points. That would mark the largest interest rate hike in 40 years.
Source: Loan Digest (loandigest.net)
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