Treasury Yields Jump After Fed Hints At Potential Rate Hike In December

By Ellie IsmailidouMarketWatch Pulse

Treasury yields climbed Wednesday after the Federal Reserve kept U.S. interest rates unchanged but signaled that a rate hike is still on the table at its next meeting, scheduled for December. The yield on the benchmark 10-year Treasury note rose 5.5 basis points on the day to 2.085%, while the 30-year Treasury yield gained 2.9 basis points to 2.881%. Among shorter maturities, the two-year Treasury yield spiked 6.9 basis points on the day to 0.686%. Treasury yields rise when prices fall and vice versa. One basis point is equal to one hundredth of a percentage point.

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