U.S. Treasury yields rose on Wednesday morning, ahead of the release of minutes from the Federal Reserve’s latest policy meeting.
The yield on the benchmark 10-year Treasury note rose less than a basis point to 1.272% at 9:35 a.m. ET. The yield on the 30-year Treasury bond added nearly 1 basis point, rising to 1.928%. Yields move inversely to prices and one basis point is 0.01%.
TICKER COMPANY YIELD CHANGE %CHANGE
US3M U.S. 3 Month Treasury 0.066 -0.008 0.00
US1Y U.S. 1 Year Treasury 0.068 -0.003 0.00
US2Y U.S. 2 Year Treasury 0.211 -0.004 0.00
US5Y U.S. 5 Year Treasury 0.764 0.00 0.00
US10Y U.S. 10 Year Treasury 1.272 0.014 0.00
US30Y U.S. 30 Year Treasury 1.93 0.011 0.00
Minutes from the Federal Open Market Committee’s July meeting are due to be published at 2 p.m. ET on Wednesday. Investors will be poring over the minutes for any indicators as to when the Fed will start to taper its bond buying program.
Housing starts fell 7% in July to a seasonally adjusted annual rate of 1.534 million units, the Commerce Department said Wednesday. Economists expected the rate to fall to 1.6 million units.
Auctions will be held on Wednesday for $30 billion of 119-day bills and $27 billion of 20-year bonds.