The yield on the 2-year Treasury bond rose 1 basis point to trade at 3.8713% at 2:45 a.m. ET Monday. It comes after the yield last week climbed above 3.9% — a level last seen in November 2007. The Fed’s two-day meeting is due to begin Tuesday, with most market participants expecting another 75-basis-point hike. The consumer price index increased 8.3% over the past year, higher than economists expected.Read Long Article
