U.S. yields seen in tight range, traders eye Fed meeting

u s yields seen in tight range traders eye fed meeting

Sumary of U.S. yields seen in tight range, traders eye Fed meeting:

  • Article content NEW YORK — U.S. government bond yields ticked higher on Wednesday, in a bounce back as the 10-year yield touched a fresh three-week low following economic data that showed further evidence that inflation had probably peaked.
  • Federal Reserve Chair Jerome Powell has maintained that high inflation is transitory.
  • A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury Article content notes, seen as an indicator of economic expectations, was at 108.8 basis points.

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