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Interest rates@FirstSquawk on XFiled 3 days ago

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The U.S. two-year Treasury yield fell 6 basis points to 4.573% as fed funds futures posted modest gains. The move reflects traders adding to expectations for easier Federal Reserve policy. The front-end yield is closely tied to rate expectations, so the decline signals a shift in the market-implied path for policy. Watch upcoming Fed communications and economic data for confirmation of whether futures pricing extends beyond modest gains.

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US 2-year bond yield, Fed funds futures