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Treasury yields rose Monday ahead of a Federal Reserve meeting this week that’s fully expected to see policy makers announce the tapering of monthly asset purchases amid rising investor expectations the central bank will tighten more aggressively in response to inflation pressures that have been more persistent than expected.
What are yields doing?
The yield curve, a line plotting yields across all maturities, flattened significantly in October (see chart above), a move that accelerated last week. Yields rose sharply at the…
