U.S. Treasury yields hold steady ahead of Fed meeting

U.S. Treasury yields were flat on Tuesday, just ahead of the Federal Reserve’s two-day policy meeting.

At 4:09 a.m. ET, the 10-year Treasury yield

was down less than one basis point at 4.414%. The 2-year yield was less than one basis point higher at 3.922%, and the 30-year yield was also under one basis point higher at 4.959%.

One basis point is 0.01%. Yields and prices move in opposite directions.

Fed funds futures traders are pricing in a 97% probability that rates will remain unchanged at 4.25%-4.50% at the meeting, according to the CME FedWatch tool.

U.S. Treasury yields hold steady ahead of Fed meeting

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