Treasuries Have Banner Day on Signs Fed Rate Hikes May Be Done.

(Bloomberg) -- Treasury yields posted some of their their biggest single-day declines all year on expectations that the Federal Reserve is likely done raising interest rates. US 10-year yields slid more than 18 basis points to 4.62% at one stage Tuesday, a day after two Fed officials expressed the idea that the recent surge in US yields may have done some of the job of tightening financial conditions for them. [Extracted from the article]