U.S. Treasuries on track for a modestly lower start as the market awaits this afternoon’s FOMC Statement, which is expected to call for a 25-bps rate hike.
2-yr note yield is up five basis points to 4.22%
10-yr note yield is up two basis points to 3.62.
The U.S. Dollar Index is down 0.2% to 103.07.
Yields:
2-yr: +4 bps to 4.22%
3-yr: +2 bps to 4.00%
5-yr: +1 bp to 3.76%
10-yr: +1 bp to 3.61%
30-yr: +2 bps to 3.76%