Treasury yields are mixed a day after the 10-year note brushed the 3% threshold for the first time since December 2018, with investors preparing for this...
Treasury yields were mixed Tuesday, a day after the 10-year note brushed the 3% threshold for the first time since December 2018, with investors preparing for this week’s Federal Reserve decision.
What yields are doing What’s driving the market The Federal Reserve was set Tuesday to kick off a two-day policy meeting. Policy makers are widely expected on Wednesday to deliver an outsize 50 basis point, or half a percentage point, interest rate increase, as opposed to its typical quarter-point move. It’s also expected to announce its plan to rapidly shrink its nearly $9 trillion balance sheet.
The Reserve Bank of Australia raised its official cash rate for the first time since November 2010 on Tuesday as it seeks to tame inflation running at its highest in 20 years. The RBA raised its official cash rate to 0.35% from a record low 0.10%, a larger-than-expected move, with the RBA signaling more increases likely in coming months.