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10-year Treasury yield retreats from high last seen in 2007 as Fed policy decision looms

From cnbc.com

U.S. Treasury yields dipped slightly on Wednesday, pulling the 10-year yield back from highs not seen in more than 15 years as investors awaited the latest update out of the Federal Reserve. The yield on the 10-year Treasury was down by around 2 basis points to 4.343%, a day after after trading at levels last seen in November 2007. The 2-year Treasury was last lower by nearly 4 basis points at 5.071% after nearing November 2007 highs on Tuesday. The 30-year Treasury yield slipped by more than 1 basis point to 4.414%. Yields and prices have an inverted relationship. One basis point equals 0.01%. The Fed is due to ... (full story)

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  • Category: Fundamental Analysis