The dollar and Treasury yields rose on Tuesday after New York Fed President William Dudley said during an interview with CNN that the case for raising interest rates has become more compelling. the yield on the two-year Treasury note
typically the most sensitive to shifts in rate-hike expectations, rose as much as six basis points to 1.260% following Dudley’s comments. The yield
on the 10-year note saw a more modest increase, rising 2.4 basis points to 2.389%. The dollar
strengthened to 112.73 yen, compared with 112.31 yen earlier in the session. The euro
meanwhile, dropped to $1.0578, compared with $1.0594. Stock futures remained relatively steady, with futures for the S&P 500
were relatively steady at 2,362.25.