According to ChainCatcher, citing Jinshi, the yield on the 2-year US Treasury note rose to 4%, up 10 basis points on the day; the latest pricing of interest rate futures indicates that the Federal Reserve expects to raise interest rates by about 15 basis points by the end of this year.
U.S. short-term Treasury yields rose 10 basis points as expectations of a Federal Reserve rate hike resurfaced.
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