U.S. Yield Holds Two-Week Low as Lagarde Warns While Fed Meets
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U.S. 10-year yields held near a two-week low, as a drop in oil prices damped the outlook for inflation with the Federal Reserve meeting to discuss the timing of an interest-rate increase.
A gauge of bond-market expectations for consumer prices during the next decade dropped Tuesday for a ninth day, its longest run of losses since 2008, as crude approached a six-year low. Fed Chair Janet Yellen may reiterate a warning about declining costs at the policy meeting that ends Wednesday in Washington. IMF Managing Director Christine Lagarde said volatility may increase if the Fed surprises investors.