Lates News

The yield on U.S. treasuries rose during the Asian trading session as the situation in the Middle East showed no signs of easing, keeping oil prices at high levels. Apart from the developments in the Middle East, this week's busy schedule of central bank meetings has also become a focus for the markets, including the Federal Reserve's interest rate meeting. Elias Haddad, the global market strategist at Brown Brothers Harriman, stated in a report, "The market generally expects the Federal Reserve to maintain the federal funds rate target range at 3.50% to 3.75% for the third consecutive meeting." He predicted that the voting result is expected to be 11-1, with board member Milan likely to once again vote against and advocate for a 25 basis point rate cut. According to Tradeweb data, the yield on 2-year U.S. treasuries rose by 2.3 basis points to 3.798% and the yield on 10-year U.S. treasuries increased by 1.4 basis points to 4.323%.