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2025-09-15 15:27:59
The 10-year U.S. Treasury yield climbed for two consecutive days, breaking through 4.08%. (1) The 10-year U.S. Treasury yield broke through 4.08% on Monday, extending its two-day rise, as investors awaited this week's Federal Reserve policy decision. (2) The market is pricing in a 96% probability of a 25 basis point rate cut on Wednesday, and a 4% probability of a 50 basis point cut. Recent data suggests a cooling labor market. (3) Traders are also focused on whether Stephen Milan will be confirmed as a Fed governor before the meeting.
