Two-year US yield hits 4.9% after economic data: Markets Wrap
(Bloomberg) — Treasury yields rose as investors weighed a range of economic data for clues about the prospects for the Federal Reserve’s next moves. Most read by Bloomberg Two-year yields reached 4.9% after data showed short-term U.S. inflation expectations climbed to an eight-month high in November. The S&P 500 gave up its gains. Microsoft Corp. … [Read more…]