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US Treasury yields edge lower ahead of Fed minutes
Treasury prices ticked up, pushing yields slightly lower, on Wednesday as Wall Street awaited minutes from the Federal Reserve policy-setting gathering last month and as investors assessed Middle East unrest. What are Treasurys doing? The 10-year Treasury yield TMUBMUSD10Y, -0.66% fell 1.7 basis points to 2.446%. The yield is hovering at the same level it was a year ago. The 30-year bond yield TMUBMUSD30Y, -0.75% slipped 1.8 basis points to 2.795%. The 2-year note yield TMUBMUSD02Y, -0.42% edged up 0.4 basis point to 1.927%. Bond prices move inversely to yields. What’s driving the market? An account of the Federal ... (full story)