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Treasury yields moved higher on Wednesday as investors keenly awaited the Federal Reserve's interest rate decision.
In the ten years since its launch, the Ultra 10-Year U.S. Treasury Note futures contract has transformed into a primary benchmark for the interest rates complex.
Treasury yields were mixed as bond markets react to President Trump’s nomination for the Fed buying up shorter-term Treasurys while selling off the longer end.
5-Year U.S. Treasury Note Continuous Contract $109.188-0.039-0.04% 10-Year U.S. Treasury Note Continuous Contract $112.406-0.063-0.06% Go to the homepage.
The 10-year U.S. Treasury yield has climbed to 4.27 percent, a four-month high that raises borrowing costs across the global economy.
Treasury yields were steady as geopolitical tension rose and as markets braced for an extended period of unchanged interest rates following yesterday’s Fed hold.
Noureldeen AlHammoury, Chief Global Market Strategist for Equiti Group, says uncertainty about tariffs and geopolitics makes it difficult to predict where interest rates are headed in the U.S. after the Federal Reserve kept rates unchanged.