U.S. Treasurys Pare Losses after Fed

U.S. Treasurys pared losses on Wednesday after minutes from the latest Federal Reserve meeting showed central bankers pored over data on inflation, financial market volatility and anemic global growth last month, and was left with a muddled picture of what it meant for the U.S. economy.

The Fed’s statement after its Oct. 29-29 gathering largely sloughed off a mid-October market meltdown and ebbing growth in other developed economies, with the central bank restating confidence that the U.S. economy would continue to make progress.

Benchmark 10-year U.S. Treasury notes were last down 5/32 in price to yield 2.33 percent from 2.32 percent late Tuesday. Five-year notes were down 2/32, yielding 1.62 percent.  U.S. 30-year Treasury bonds were down 6/32 in price, with a yield of 3.05 percent, from 3.04 percent at the close on Tuesday.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.