The 2-Year Note futures traded lower today, after three days of higher price action. The short end of the curve is under pressure from comments by Fed speakers, despite the market still pricing in rate cuts at the next two meetings. The 2-T-Year yield is up 2.5 basis points to 3.51%. The yield curve is higher and slightly less steep in today’s session as yields rose across the entire curve, with the 2-Year up about 2.5 basis points and the 10-Year up about 1.5 basis points.
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