9/19/2017, 4:10 PM (Source: TeleTrader)
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Treasuries rise ahead of Fed meeting

United States government bonds were higher on Tuesday as investors revise their positions ahead of the Federal Reserve's monetary policy decision due on Wednesday. The American central bank is expected to keep interest rates unchanged and announce plans to start reducing its $4.5 trillion balance sheet at some point in the near future.

The yield on 10-year Treasuries eased 0.35 basis points to 2.2252% at 4:01 pm CET, while the yield on two-year bonds declined 0.59 basis points to 1.3888%. The yield on 30-year debt was flat at 2.7987% at the same time.

In Europe, the yield on 10-year German Bunds fell 0.9 basis points to 0.446%, whereas the yield on 10-year British gilts increased 0.9 basis points to 1.311%. Bond yields move in the opposite direction relative to prices.

Baha Breaking News (BBN) / IB