Treasury yields inch higher as Fed rate cut decision comes into focus

Group 1 - U.S. Treasury yields increased as investors awaited the Federal Reserve's interest rate decision, with a 90% probability of a quarter percentage point cut expected [2][4] - The benchmark 10-year Treasury yield rose to 4.204%, while the 30-year Treasury yield reached 4.819%, and the 2-year Treasury yield nudged up to 3.625% [1][2] - Sentiment among FOMC members is divided, with some advocating for cuts to mitigate labor market weakness, while others are concerned about potential inflationary impacts [3][4] Group 2 - The anticipated outcome of the Federal Reserve's meeting is a "hawkish cut," indicating a reduction in rates but suggesting that further cuts may not be imminent [4] - Investors are particularly focused on Fed Chair Jerome Powell's comments following the meeting for insights into future monetary policy [4]