U.S. Treasury Yields Decline Following Federal Reserve Interest Rate Hold
U.S. Treasury yields experienced a decline on Thursday morning following the Federal Open Market Committee's (FOMC) decision to maintain interest rates within the 3.75% to 4% range. The 10-year Treasury note yield dropped by 5 basis points to 4.995%, while both the 2-year and 30-year yields also saw decreases. Despite the rate hold, the Federal Reserve noted that inflation remains elevated, having reached 3.7% in September. Fed Chair Kevin Warsh emphasized that policymakers are not on a predetermined path regarding future monetary policy. Market participants are currently pricing in an 83.6% probability of a quarter-point interest rate hike in December.
Topics: Federal Reserve FOMC Inflation Interest Rates Treasury Yields