2-year Treasury yield at lowest since September 2022 as Fed rate cut looms

U.S. Treasurys rallied Monday morning, pushing the 2-year Treasury yield further into its lowest since September 2022, as market-implied odds shifted in favor of a 50-basis-point interest-rate cut by the Federal Reserve this week.

U.S. Treasurys rallied Monday morning, pushing the 2-year Treasury yield further into its lowest since September 2022, as market-implied odds shifted in favor of a 50-basis-point interest-rate cut by the Federal Reserve this week.