Traders fully priced in another quarter-point interest-rate increase by the Federal Reserve within the next two policy meetings and a more than one-in-two chance that hike could arrive as soon as next month. The shift came as US yields rose, with the policy sensitive two-year rate rising 15.7 basis points to 4.53%. That’s the highest level since early March, around the time when US bank failures roiled markets and spurred haven buying in government debt. Front-end yields have moved higher for 10 straight trading sessions and the latest leg was fueled by increased optimism about a potential debt-ceiling deal and ... (full story)