Two-Year U.S. Treasury Yield Hits New Multi-Year High
Two-year U.S. Treasury yield rose to 4.744%, on pace for the highest settlement since July 2024, per TradingView News.
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No-hike expectations lift XLC and XLRE ETFs
The article says falling odds of a September Fed rate hike are supporting the Communication Services Select Sector SPDR Fund (XLC) and the Real Estate Select Sector SPDR Fund (XLRE).