Sept 19 (Reuters) - Benchmark 10-year U.S. Treasury yields rose to their highest in over 11 years on Monday as investors braced for the Federal Reserve's policy decision on Wednesday, where it is expected to deliver another large interest rate hike.
The 10-year yield, the most significant interest rate benchmark globally, rose as much as six basis points to 3.508%, the highest since April 2011.
The Fed meets on Wednesday. Money markets are pricing in around an 80% chance of a 75 basis-point move, and a 20% chance of a larger, 100 basis-point rate hike.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments