Treasury yields nudge higher as investors await Fed decision

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U.S. Treasury yields inched higher on Tuesday as investors awaited further economic data and looked ahead to the Federal Reserve’s interest rate decision.

At 5:15 a.m. ET, the 10-year Treasury yield was up 1 basis point to 4.221%, while the 2-year Treasury note yield moved less than a basis point higher to 3.591%. The 30-year Treasury yield was also 1 basis point higher to 4.815%.

One basis point equals 0.01%, and yields and prices have an inverse relationship.

The Fed’s rate decision will be the main focus for investors this week, with the policy move expected to be announced on Wednesday afternoon.

Treasury yields nudge higher as investors await Fed decision

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