A slightly more risk-positive tone across global markets were reducing demand for sovereign bonds and nudging Treasury yields higher.
Bond yields rose on Tuesday after positive comments on China’s economic prospects damped demand for Treasuries.
What’s happening What’s driving markets A slightly more risk-positive tone across global markets — alongside optimistic comments on the Chinese economy from the country’s premier — were reducing demand for sovereign bonds and nudging Treasury yields higher. Markets are pricing in a 77% probability that the Fed will raise interest rates by 25 basis points to a range of 5.25% to 5.50% after its meeting on July 26, according to the CME FedWatch tool.
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