2-Year Note futures climbed to their highest price levels for November, trading around 104.08 as Fed officials signaled openness to a potential rate cut in December. The CME FedWatch Tool reflected a dramatic shift in expectations over the last 24 hours, favoring a higher probability of easing. Consequently, yields moved lower across the curve, with the 2-Year yield dropping 3 basis points to 3.53%, marking the lower end of the month's range.
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