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If that is not sufficient, the market now sees a 70% chance of the Fed elevating charges by 50 foundation factors later this month, a reacceleration of tightening after a quick step down 25 bps in February. The yield on the two-year Treasury notice, which is delicate to rate of interest expectations, has crossed above 5% for the primary time since 2007 and will rise additional towards 5.655, contemplating the terminal price pricing.
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