Treasury yields inch higher as Fed rate cut decision comes into focus

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U.S. Treasury yields moved higher on Wednesday as investors keenly anticipated the Federal Reserve’s interest rate decision, set to take place early afternoon.

At 5 a.m. ET, the benchmark 10-year Treasury

yield rose more than 1 basis point to 4.2%. The 30-year Treasury yield was also up 1 basis point to 4.82%, while the 2-year Treasury yield nudged higher to 3.62%.

One basis point is equivalent to 0.01%, and yields and prices move in opposite directions.

Treasury yields inch higher as Fed rate cut decision comes into focus

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