Treasuries Slide

Prices continued to fall as the market braced for the possibility of a more hawkish tone from the Fed

S&P MARKETSCOPE: Long-dated Treasuries fell as the market prepared for the FOMC meeting tomorrow, where the Fed is expected to raise its target on the federal funds rate by 25 bps to 3.50%. Financial markets braced for the possibility of a more hawkish tone from the Fed following strong economic data recently.

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