Yields Rise Ahead of Powell's Final Fed Meeting

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Source: CNBC
Yields Rise Ahead of Powell's Final Fed Meeting
Photo: CNBC
TL;DR Summary

U.S. Treasury yields moved higher ahead of the Federal Reserve's two-day policy meeting, with the 10-year around 4.39% and the 2-year about 3.88%, as markets expect the Fed to hold rates at 3.50%-3.75% and consider Powell’s potential final chairmanship. Investors also awaited March PCE data after stronger durable-goods orders, and watched the Warsh nomination progress for the Fed's next leader, amid ongoing inflation concerns and a resilient labor market.

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