The benchmark 10-year Treasury yield climbed to its highest level since 2007 on Tuesday as a sell-off in U.S. government debt deepened ahead of the Federal Reserve's interest-rate decision. Grouped from 2 articles across 2 sources.
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The sell-off in U.S. government debt is deepening as investors price in an interest rate hike this week. Grouped from 7 articles across 4 sources.
Gold price fall nearly 2% as oil surge and near-5% Treasury yields bolster Fed rate-hike expectations - Kitco AM Report teaser image Grouped from 5 articles across 1 sources.
Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.
While higher oil is cited as a main reason for the change in view, roughly three-quarters of respondents see the inflation problem as broader than just energy prices.
With inflation above target and no visibility on lower oil prices or stability of tariffs, the Fed chairman needs to pass the test that has faced his predecessors
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