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3/15/2017, 1:57 PM (Source: TeleTrader)
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Treasuries trade mixed ahead of Fed decision

United States government bonds were mostly higher on Wednesday, with the exception of shorter-dated debt, as investors gear up for the announcement of the Federal Reserve's monetary policy decision scheduled for 7 pm CET. The central bank is widely expected to raise interest rates by 25 basis points to a range between 0.75% and 1% in light of positive economic data.

The yield on 10-year Treasuries slipped to 2.5802% at 1:52 pm CET, while the yield on two-year bonds edged up to 1.3808% at the same time. The yield on 30-year debt decreased to 3.1548%.

Across the Atlantic, the yield on 10-year German Bunds, a benchmark for the Eurozone, dropped to 0.428%, whereas the yield on British gilts of the same maturity eased to 1.219%. Bond yields move in the opposite direction relative to prices.

Baha Breaking News (BBN) / IB