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US Bond yields surge to one year high ahead of Fed decision

Mar 16, 2021 07:23 IST | By Editorji News Desk

All eyes will move to the US Federal Reserve for it's 2-day meet starting Tuesday. 

The central bank will released new economic and interest rate forecasts on Wednesday which is expected to show Fed inclined to raise rates only by 2023. 

The press conference will be critical for commentary of yields as the 10-year yield, which influences mortgage rates and other loans, has risen from 1.07% to a one year high of 1.64%.

Economy