US Treasury Yields Hit Multimonth Highs as Focus Shifts to Fed

Treasury yields climbed to the highest in more than two months, following losses in most global government-bond markets, ahead of a Federal Reserve interest-rate decision that may alter expectations for monetary policy in 2026.

US yields rose from 2 to 3 basis points across the curve, with intermediate maturities proving the weakest. The market trimmed losses and a sale of $58 billion of three-year notes at 1 p.m. New York time, arrived at a lower than forecast yield, a sign of better than anticipated demand. Auctions of $39 billion 10-years and $22 billion 30-years are set for Tuesday and Thursday, respectively.