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The yield on the U.S. two-year Treasury bond rose above 3.74%, hitting a daily high, with an increase of about 7 basis points. Powell stated that "the possibility of a rate hike was indeed mentioned as the next step."

The yield on the U.S. two-year Treasury bond rose above 3.74%, hitting a daily high, with an increase of about 7 basis points. Powell stated that "the possibility of a rate hike was indeed mentioned as the next step."