Treasury yields inch lower as investors digest Fed's latest rate cut

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U.S. Treasury yields dipped on Thursday as investors digested the Federal Reserve’s latest rate cut and weighed the state of the U.S. economy.

At 4:53 a.m. ET, the benchmark 10-year Treasury yield fell more than 2 basis points to 4.142%, while the 30-year Treasury yield slipped less than 1 basis point to 4.791%. The 2-year Treasury yield dropped more than 3 basis points to 3.534%.

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

Investors are assessing the Fed’s interest rate cut on Wednesday, after the central bank’s Federal Open Market Committee lowered its key overnight borrowing rate by a quarter-percentage point, taking it to a range between 3.5%-3.75%.

Treasury yields inch lower as investors digest Fed's latest rate cut

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