Treasury yields climb as markets brace for Fed’s rate decision

U.S. Treasury yields rose sharply ahead of the Fed’s December 10 meeting, as investors priced in a likely 25-basis-point rate cut but remained wary of further policy guidance. The 10-year yield neared 4.20%, its highest level in months, reflecting skepticism over future cuts despite near-term easing expectations. The rise in yields strengthened the dollar and pressured rate-sensitive sectors, setting a cautious tone across equities and global bond markets.