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US 2-year treasury yield hits 10.5-year high
- Short duration treasury yields clocked fresh decade highs in the overnight trade.
- Fed reiterated its hawkish stance, confirming a Dec rate hike.
The US two-year, three-year, and five-year yields rose to new decade highs yesterday, as the Fed kept rates unchanged, but reaffirmed its hawkish monetary tightening stance, setting the stage for a rate hike in December. Notably, the policy statement showed no sensitivity to recent turmoil in stock markets.
Key points (Source: Reuters)
- US 2-year treasury yield hits 2.977 percent, highest in 10-1/2 years in late US trading.
- US 5-year treasury yield reaches 3.098 percent, highest in a decade, extends earlier rise as fed hints at further rate hikes.
- US 3-year treasury note hit the highest yield levels since it was reintroduced 10 years ago.
Author
Omkar Godbole
FXStreet Contributor
Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.
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