Yields were nudging higher, reversing a portion of the sharp drop seen over the past few sessions, when recession concerns appeared to trump inflation fears.
Bond yields rose on Monday, as investors pared bullish bets on Treasurys following a strong showing in recent sessions and amid cautious trading ahead of the latest Fed decision this week.
What’s happening What’s driving markets Yields were nudging higher, reversing a small portion of the sharp drop seen over the past few sessions, when recession concerns appeared to trump inflation fears. The Federal Reserve will deliver its latest monetary policy decision on Wednesday. Markets are pricing in a 77.5% probability that the Fed will raise interest rates by another 75 basis points to a range of 2.25% to 2.5% after its meeting on July 27th.
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