The Bank of England’s comments about global central banks acting against inflation have made bond traders doubt a potential Federal Reserve interest rate cut in 2026, causing US Treasury yields to rise. Specifically, two-year US Treasuries saw an 11 basis point increase to 3.89%.
Source: https://www.bloomberg.com/news/articles/2026-03-19/bond-traders-no-longer-price-in-any-chance-of-fed-cut-in-2026