2-Year Note futures broke a four-day streak to trade higher, reaching the 104 level following the Federal Reserve's latest policy announcement. While the 25 basis point rate cut was expected, the central bank surprised markets by initiating a $40 billion monthly bond-buying program sooner than anticipated. This injection of liquidity pressured yields lower, with the 2-Year yield falling to 3.56%, resulting in a steeper yield curve as the spread between the 2-Year and 10-Year widened.
FOLLOW THE MARKETS
Most Recent

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2025 CME Group Inc. All rights reserved.