US yields spike ahead of Fed meeting

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US yields spike ahead of Fed meeting

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Marriner S. Eccles Federal Reserve Board Building which is situated in Washington D.C., USA. It is the headquarters of the Board of Governors of the Federal Reserve System. | Roman Babakin/Roman Babakin - stock.adobe.com

US Treasury yields were climbing ever higher on Wednesday as a pivotal Federal Reserve meeting approached. Inflation expectations were climbing and the sell-off gathered pace ahead of the Federal Open Markets Committee gathering.

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