Treasury yields jump 24 bps as the Fed weighs a rate hike.

Treasury yields are in focus for the week ahead after the 2-Year yield jumped 24 bps and the 5-Year yield rose 21 bps, marking the largest weekly increase since April 2025. The moves set the stage for a critical week of global central bank action. The FOMC announces its rate decision on Wednesday, accompanied by an updated Summary of Economic Projections. The probability of a 25 bps hike hit 86.5% following recent CPI data. Decisions from the Bank of England and the Bank of Japan follow on Thursday. The economic calendar also features U.S. Retail Sales, global CPI data, and regional manufacturing indicators, while the earnings slate remains light with five major companies reporting.