U.S. Treasury yields rise across the curve in Asian trading ahead of Wednesday’s
Federal Reserve rate decision; the 10-year briefly topped 5% on Monday for the
first time since October 2023. LSEG data show markets assign a 93% probability
to a 25bp hike. Tradeweb reports the 2-year yield up 4.4bps at 4.676% and the
10-year up 6.2bps at 5.021%. An ING rates strategist said: "Logically a rate
The hike should calm the long end, however the long end is often extremely erratic."
