-
US yields turn higher as investors await Fed rate decision
U.S. Treasury yields rose on Monday after trading lower for most of the morning session, as investors priced in some risk that the Federal Reserve could raise interest rates two more times this year amid a still resilient economy overall. The Fed is widely expected on Wednesday to lift interest rates by 25 basis points (bps) to a target range of between 5.25%-5.50%. Trading in the U.S. rate futures market suggested that this week's hike will be the last for the year, with the Fed seen on hold until probably May 2024 and the next move will be a cut. "The market is now putting in a little bit of risk that the Fed may ... (full story)