While it might not be new news to anyone at this point I thought it was worth mentioning the huge tear Treasuries have been on.
Since July, 3 Month Treasury yields have risen an astounding 96.15%! The 2 year, 10 year, and 30 year are showing respective gains too.
2 year: +45.45%
10 year: +42.86%
30 year: +25.0%
It shouldn't be a surprise to see shorter maturities showing larger gains with the expectations for a rate hike all year. I'd expect that outperformance to continue for awhile. At this point though I wouldn't be surprised to see yields come back a bit after we get the official announcement from the Fed.
As they say "Buy the rumor, Sell the news"

Since July, 3 Month Treasury yields have risen an astounding 96.15%! The 2 year, 10 year, and 30 year are showing respective gains too.
2 year: +45.45%
10 year: +42.86%
30 year: +25.0%
It shouldn't be a surprise to see shorter maturities showing larger gains with the expectations for a rate hike all year. I'd expect that outperformance to continue for awhile. At this point though I wouldn't be surprised to see yields come back a bit after we get the official announcement from the Fed.
As they say "Buy the rumor, Sell the news"

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