U.S. Treasury yields were little changed on Wednesday as investors awaited the release of minutes from the latest Federal Reserve meeting.
At 5:00 a.m. ET, the yield on the 10-year Treasury was down by less than one basis point to 3.8142%. The 2-year Treasury yield was last at 3.9999% after dipping by less than one basis point.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Investors looked to the release of minutes from the Federal Reserve’s last meeting, at which it left rates unchanged but hinted at a potential September interest rate cut.
Since that meeting, uncertainty about the economy and worries about an economic slowdown have at times raised concerns about whether the Fed should have already begun cutting interest rates. However, retail sales figures and weekly initial jobless claims data last week somewhat eased investor concerns.
Markets are firmly pricing in a rate cut for September. CME Group’s…
