Skip to content

Treasury Yields Flat As Fed Rate Decision Approaches

The 10-year Treasury yield held at 5.1211%, while the two-year yield stayed near 4.7889%.

Photo by Jorge Salvador / Unsplash

US Treasury yields remained largely unchanged Wednesday as investors awaited mortgage rate figures and unemployment data ahead of the Federal Reserve’s October 28 policy meeting.

The 10-year Treasury yield held at 5.1211%, while the two-year yield stayed near 4.7889%. The 30-year yield was also steady at 5.4320%. These rates influence borrowing costs across the economy, including mortgages, car loans and credit cards.

💡
Investors are assessing whether incoming economic figures and geopolitical tensions will affect inflation and the Fed’s interest rate decision.

Oil prices edged higher, with West Texas Intermediate futures rising 0.86% to $98.66 per barrel. Recent attacks on tankers in the Strait of Hormuz and Saudi energy facilities have renewed concerns about supply disruptions.

The Mortgage Bankers Association was scheduled to release its latest weekly mortgage rate average. Separately, the Labor Department’s Thursday report on initial jobless claims is expected to offer further insight into employment conditions. Claims previously increased by 1,000 to 199,000.

Related Tweet:

Also Read:

What Did Trump Envoy Steve Witkoff Discuss With Putin On Ukraine Peace
Discussions also covered economic cooperation and fertilizer exports.

Comments

Latest