10-year Treasury yield rises to highest since 2011

A U.S. greenback be aware is seen in entrance of a inventory graph on this November 7, 2016 image illustration. REUTERS/Dado Ruvic/Illustration

Sept 19 (Reuters) – Benchmark 10-year U.S. Treasury yields rose to their highest in over 11 years on Monday as buyers braced for the Federal Reserve’s coverage determination on Wednesday, the place it’s anticipated to ship one other massive rate of interest hike.

The ten-year yield, probably the most important rate of interest benchmark globally, rose as a lot as six foundation factors to three.508%, the best since April 2011.

The Fed meets on Wednesday. Cash markets are pricing in round an 80% likelihood of a 75 basis-point transfer, and a 20% likelihood of a bigger, 100 basis-point price hike.

Reporting by Yoruk Bahceli, modifying by Alun John

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