U.S. Treasury yields move higher ahead of Fed's interest rate decision

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U.S. Treasury yields moved higher on Wednesday as investors keenly awaited the Federal Reserve’s interest rate decision.

At 5:31 a.m. ET, the 10-year Treasury yield was up 2 basis points to 4.249%, while the 2-year Treasury note yield was little changed at 3.57%. The 30-year Treasury yield rose more than 3 basis points to 4.865%.

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

While the Fed’s interest rate decision will be the main focus on Wednesday, investors are also monitoring headlines relating to central bank leader Jerome Powell and when President Donald Trump will announce who the next Fed chair will be.

U.S. Treasury yields move higher ahead of Fed's interest rate decision

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