Treasury yields move lower as attention turns to Fed rates decision

Business

Treasury yields fell on Wednesday as investors await the Federal Reserve's next policy decision on interest rates, due later in the session. The benchmark 10-year Treasury yield was down by around 2 basis points at 4.175%. The 30-year Treasury bond yield was down by more than 2 basis points to 4.824%. The 2-year Treasury note yield was more than 1 basis point lower, reaching 3.659%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. Markets are expecting the