The 2-year rate finished at 3.608% or its lowest level since Sept. 12, 2022. Meanwhile, the 10-year yield fell to 3.643% or its lowest closing level since June 1, 2023. The 30-year rate ended at 3.954% or the lowest level since Dec. 27.

The Fed is expected to deliver its first rate cut since 2020 on Wednesday, with markets seeing higher odds for a 50 basis point cut.

U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations.

Asian Shares Are Mixed as Wall Street Gears up for an Interest Rate Cut Shares were mixed in Asia on Tuesday as world markets geared up for the Federal Reserve’s most anticipated meeting in years. Tokyo’s Nikkei index fell 1% to 36,

U.S. stock indexes are drifting closer to their records as Wall Street gears up for the most anticipated meeting of the Federal Reserve in years

Asian stocks are mixed after U.S. stocks pulled closer to their records on economic reports that came in close to expectations.

Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records. Hong Kong’s Hang Seng dropped 0.

U.S. stocks rose closer to their records and closed out their best week of the year as hopes built for a big rate cut next week. The S&P 500 rose 0.5% Friday to climb within 0.7%