the yield on the 2year treasury briefly surpassed 4 on tuesday as the federal reserve readies another big interestrate hike   the yield on the 2year treasury tmubmusd02y rose 6 basis points to 398 yields move in the opposite direction to prices   the yield on the 10year treasury tmubmusd10y which on monday reached a decade high rose 5 basis points to 354   the yield on the 30year treasury tmubmusd30y rose 4 basis points to 356 the next federal open market committee meeting looms over the market as investors grapple not just with whether the central bank will make a 75 basis point rate hike or lift rates by 100 points but also how high the fed will signal rates will go in the future the fomc meeting is due to start on tuesday and end on wednesday economists at abn amro expect the fed to signal rates will reach 45 “the projections are also likely to suggest that monetary policy will remain restrictive through 2023 and into 2024 as the fed seeks to assure markets and the public that it is determined to bring inflation durably back to its 2 target” said bill diviney senior economist the dutch bank still believes the peak rate will be 4 but isn’t expecting a communications shift from the central bank soon there’s also a 12 billion auction of 20year treasury securities at 1 pm et