9/20/2017, 1:51 PM (Source: TeleTrader)
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Treasuries trade higher ahead of Fed decision

United States government bonds traded in the green on Wednesday as investors geared up for the Federal Reserve's monetary policy decision due at 8 pm CET. The central bank is widely expected to keep interest rates unchanged and possibly provide clues as to whether it will hike for the third time this year.

The yield on 10-year Treasuries dropped 1.42 basis points to 2.2304% at 1:43 pm CET, while the yield on two-year notes fell 1.21 basis points to 1.389%. The yield on 30-year debt shed 1.48 basis points to trade at 2.8019% at the same time.

Across the Atlantic, the yield on 10-year German Bunds, a benchmark for the euro area, eased 1.3 basis points to 0.439%, whereas the yield on 10-year British gilts declined 0.2 basis points to 1.327%. Bond yields and bond prices are inversely related.

Baha Breaking News (BBN) / IB