Treasury yields remain near 2-month lows after Fed minutes show policymakers agree rates need to stay high to curb inflation

Longer-dated U.S. Treasury yields held mostly steady on Tuesday, hovering near two-months lows after the minutes from the Federal Reserve’s recent rate-setting meeting showed that policymakers all agreed that monetary policy will need to remain restrictive amid concerns about persistent inflation.

What happened

What drove markets

Minutes of the Federal Reserve’s November policy meeting showed Fed officials remained concerned that the strong U.S. economy would cause inflation to reaccelerate. They all agreed…