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2-year Treasury yield rockets higher as many Fed officials signal possible hike this year
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- The 2-year Treasury note yield, which more closely tracks short-term Fed interest rate policy, climbed 9 basis points to 4.136%.
- Treasury note — the key benchmark for U.S. government borrowing — rose 2 basis points to 4.447%.
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U.S. Treasury yields rose on Wednesday after the Kevin Warsh-led Federal Reserve held interest rates steady and removed key language indicating a bias towards future cuts, with many central bank officials signaling potential hikes in 2026.
The 2-year Treasury note yield, which more closely tracks short-term Fed interest rate policy, climbed 9 basis points to 4.136%. The longer-dated 30-year Treasury bond yield shed 1 basis point to 4.919%.
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