Treasury Yields Rise Ahead of Expected Fed Cut
0853 ET – Treasury yields rise ahead of the Fed decision, but have weakened a little on U.S. housing data. The Fed is expected to cut interest rates by 25 basis points and indicate a pause in January, maybe adding a hawkish tone as inflation remains above target and the economy keeps chugging along. 1056 GMT – Government bonds have become a less reliable cushion against selloffs in risky assets such as equities and investors should consider supplementing bond investments with gold or bitcoin, BlackRock says in a note.