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After weeks of buildup, bond traders barely reacted on Wednesday as Federal Reserve officials penciled in a sooner-than-expected rate increase for 2022 and sent a strong sign that they are almost ready to start pulling back on monthly bond purchases. The 2-year Treasury yield, the most sensitive to near-term interest rate moves, finally shot up briefly above 0.24% about 45 minutes after the Fed’s rate projections came out.
...read full article on Market Watch
