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Treasury prices weaken, pushing the yield on the 10-year note above 3.10% a day ahead of a Fed decision that is expected to delivery the third rate increase of 2018.
U.S. government bond yields mostly fell, lifting debt prices, on Wednesday as a solid auction for 5-year notes show the recent selloff at the week’s start had helped cheapen Treasurys, drawing investors back into the market.
As the U.S. Treasury yield curve gets flatter, many see a recession starting to appear. The question seems to be when rather than if it will happen.