U.S. Treasury yields hit multi-month highs as markets downgraded expectations for the Federal Reserve to cut interest rates next year
2025-12-08 21:17:18
Treasury yields rose to their highest level in more than two months after most of the world's government bond markets fell as investors braced for three US invite tenders and this week's Federal Reserve interest rate decision. Treasury yields rose three to six basis points overall, with medium-term bonds the weakest performer. The Treasury will issue $58 billion in three-year notes at 1pm New York time, $39 billion in 10-year notes and $22 billion in 30-year notes on Tuesday and Thursday. The Treasury adjusted its invite tenders this week to coincide with the Federal Reserve's two-day policy meeting. Traders believe there is about a 90% chance that the central bank will cut rates for the third time in a row by 25 basis points. With inflation still stubbornly high, market participants will interpret officials' outlook for 2026 through a "dot plot".
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美元指数8日上涨0.1%