Treasury Yields Rise Ahead of Fed, Two-Year Auction
Dow Jones10-26 20:59
0859 ET - Treasury yields tick higher to start Fed week. Markets price in 91% odds of an interest rate hold Wednesday, according to CME. Hikes are expected to resume in December. Third-quarter GDP and September PCE inflation are due Thursday. The Treasury is set to auction $69 billion in two-year notes at 1 p.m. ET, followed by a $70 billion five-year tender tomorrow and $44 billion in seven-year notes Thursday. The 10-year yield is at 4.995%, up from 4.987% Friday. The two-year rises to 4.703% from 4.680%.
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