Short-term Treasury yields spiked Tuesday in anticipation of a key Federal Reserve decision on whether to increase interest rates expected Thursday. The two-year note yield jumped 6.8 basis points to 0.794%, its highest level since April 2011, according to data from FactSet and Tradeweb. Meanwhile, the one-year bill yield gained 5.9 basis points to 0.444%, its highest level since April 2010. Strategists said the sharp moves were likely positioning shifts ahead of a potential rate hike.
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