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TREASURIES-US two-year yields slump after news report on Powell

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TREASURIES-US two-year yields slump after news report on Powell

Jul 16, 2025 9:21 AM

NEW YORK, July 16 (Reuters) - U.S. Treasury two-year

yields dropped on Wednesday, after a report suggested that

President Donald Trump is likely to fire Federal Reserve Jerome

Powell soon.

U.S. two-year yields, which track interest rate

expectations, dropped 6.9 basis points (bps) to 3.889%

Rate cut bets starting in September increased to 66% after

the report, from 54% just before.

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