US 2-year yields touched the highest since February 2025

The Fed cut rates three times in the past year but two-year borrowing rates aren't cooperating. The two-year note yield touched 4.24% overnight, which is the highest since February 2025. The Fed cut rates in Sept, Oct and December of that year, lowering the Fed funds are to a range of 3.50-3.75%, where it remains. Ian Lyngen, head of US rates strategy at BM…

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