The 10-year US treasury yield edged higher after topping 3% for the first time in four years, lifting the dollar to a three-month high as traders bet for a faster pace of rate hikes in the wake of firmer inflation and solid economic growth.
The Federal Reserve at its previous meeting in March signalled that it would raise rates just three times total this year, but the odds of a fourth rate hike in December have increased significantly over the last month.
The Federal Reserve at its previous meeting in March signalled that it would raise rates just three times total this year, but the odds of a fourth rate hike in December have increased significantly over the last month.
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