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This week, the 10-year Treasury rate surged by 24 basis points, marking one of the largest one-week gains in over a decade. This development comes just a week before the Federal Reserve is expected to cut interest rates by 25 basis points. Currently, the market assigns a 94% probability that the Fed will cut rates this Wednesday, December 18.Video Length: 00:07:46More By This Author:Hotter Than Expected Inflation Is Causing Rates To SoarRates, The Dollar, And Inflation May Be Poised For A Big Move HigherStocks, Rates, Dollar, And Volatility All Rise
