Germany’s DAX opens down 5 points at 12,240.33

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2-year Treasury yield rises ahead of key Fed meeting

Short-dated yields rise on Monday ahead of a midweek Federal Reserve meeting that is likely to result in the central bank’s third, and final, interest-rate increase of 2017, while Janet Yellen’s last news conference as Fed chairwoman will deliver further insights about the central bank’s outlook for the U.S. economy.

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