Treasuries experienced slight weakness on Tuesday as bond prices reversed gains from the previous session. The yield on the ten-year note rose to 4.130 percent. The Federal Reserve’s December meeting minutes showed mixed views on future rate cuts, with most participants seeing the need for further cuts if inflation falls as expected. Following the meeting, the Fed announced a quarter-point rate cut to 3.50 to 3.75 percent, with three officials dissenting for the first time since 2019. Trading may be quiet ahead of the New Year’s Day holiday, with focus on the upcoming jobless claims report.

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