U.S. 10-Year Treasury Yield Hits Highest Level Since September

Core Viewpoint - The 10-year Treasury yield has reached 4.209%, the highest since early September, as the Federal Reserve prepares to announce its rate decision and economic forecasts [1] Group 1: Federal Reserve Rate Decision - A 25 basis-point rate cut is widely anticipated, but there are concerns that the Fed may indicate that future rate cuts could be limited [1] - Analysts from TD expect the Fed to communicate that any further reductions will depend on economic data [2] Group 2: Market Reactions - U.S. rates markets have largely priced in the expected rate cut, suggesting that any increase in yields following the decision may be limited [2] - Analysts believe that yields could soon retract marginally after any potential rise post-decision [2]