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U.S. 2-Year Treasury Yield Hits 1-Year High at 4.15%, Traders Expect Fed Rate Hike by October

GateNews
Forex
The U.S. 2-year Treasury yield has risen to its highest level in over a year, reaching around 4.15%, significantly above the Federal Reserve's current policy rate range of 3.5% to 3.75%. Recent economic data has prompted traders to expect the Fed may raise rates by at least 0.25 percentage points as early as October, according to market expectations. The widening gap between bond market pricing and Fed policy signals investors believe interest rates remain too low.
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