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Treasury yields rise ahead of closely-watched 10-year auction and FOMC minutes
U.S. Treasury yields are rising ahead of a pivotal 10-year note auction and the release of FOMC minutes, suggesting heightened investor anticipation for signs of Fed hawkishness. The increase in yields follows a brief retreat, illustrating ongoing market reactions to changing economic signals. This uptick generally supports the bullish sentiment for the USD, reflecting broader expectations of interest rate adjustments amid inflation concerns.