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Treasury Yields Rise as Banking Fears Ease

Treasury yields recover some of last week’s losses and rise ahead of an expected interest rate increase by the Fed Wednesday. The JPMorgan acquisition of First Republic’s assets seems to placate fears of a widespread banking crisis that could turn the Fed more dovish. A lot depends on what Chair Powell will say after the meeting. “If Powell leaves things open-endedwith another 25-basis points this would likely bring renewed volatility to the market,” AmeriVet’s Gregory Faranello says in a note. The 10-year yield is at 3.463% and the two-year at 4.097%.

By: Paulo Trevisani (; @ptrevisani)