U.S. 10-year Treasury yields rise as investors weigh Fed decision

U.S. Treasury yields rose on Thursday as investors assessed the U.S. Federal Reserve’s decision to hold interest rates steady.

The 10-year Treasury yield rose more than one basis point to 4.267%, while yields on the 2-year Treasury note remained steady at around 3.584%. The 30-year Treasury yield rose about three basis points to 4.89%.

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

On Wednesday at its January meeting, the Fed left rates unchanged at 3.5%–3.75%, ending a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader.

Afonso Borges, fixed income analyst at Julius Baer, said the Fed’s pause was expected, having delivered three “insurance” rate cuts late last year.

U.S. 10-year Treasury yields rise as investors weigh Fed decision

Related reading

Treasury yields hold steady as investors await Fed rate decision

Treasury yields hold steady as investors look ahead to further economic data

Treasury yields little changed as investors await Fed's rate decision

Treasury yields nudge higher as investors await Fed decision

U.S. Treasury yields move higher as investors digest latest Fed moves

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