US Treasuries sold off on Tuesday ahead of the Fed’s two-day policy meeting, pushing the 10-year Treasury yield up more than 6bps to 5.025%, its highest since 2007. August inflation remains well above the Fed’s 2% target, boosting odds of a 25bp rate

2026-09-15

US Treasuries sold off on Tuesday ahead of the Fed’s two-day policy meeting, pushing the 10-year Treasury yield up more than 6bps to 5.025%, its highest since 2007. August inflation remains well above the Fed’s 2% target, boosting odds of a 25bp rate hike. CME FedWatch shows the probability of a 25bp increase at this meeting above 92%.