Treasury Yields Fall After Fed Minutes Released Early

Treasury yields declined Wednesday afternoon after an early release of the minutes from the Federal Reserve's July meeting gave no clear tip towards a September interest-rate increase. But the minutes did not rule out a September rate hike. Most policy makers thought economic conditions needed for a rate hike were "approaching," the minutes showed. Treasury yields had already been declining ahead of the release and fell further afterwards, with the 10-year Treasury yield trading down 5.3 basis points on the day at 2.143%. The 2-year yield fell 6.1 basis points to 0.657% and the 30-year yield declined 2.3 basis points to 2.842%.