The bond market is ready (UST, TLT)

The bond market is ready for the Federal Reserve. On Tuesday, the yield on the 2-year Treasury note spiked to a four-year high of 0.78%. Other short-term bond yields, including the 1-year and 6-month bills, climbed to multi-year highs. Yields rise as bond prices fall. Yields on short-term treasuries are the most sensitive to interest rates and the Fed's outlook. On Thursday, the Fed will announce its latest monetary policy decision, which could see the benchmark Fed funds rate rise from near ...