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

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.