- US 2-year yield closed at 4.862%, largest two-day gain since March 2023
Fed officials Hammack and Daly signaled further tightening, existing home sales hit 16-year low, and Trump's Iran comments pushed oil higher, reinforcing rate-hike bets. European and UK bond yields also rose. UK GDP met forecasts, supporting a BoE December hike. Macquarie strategist notes risks that could deter a December hike, including government shutdown and oil price declines.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.