Treasury yields slip Wednesday morning alongside oil prices as traders eye the Federal Reserve's policy announcement later in the session.
Treasury yields slipped Wednesday morning alongside oil prices as traders eyed the Federal Reserve’s policy announcement later in the session.
The 2- and 10-year yields were still not far from their highest closing levels since 2006-2007 as investors await the Federal Reserve’s policy decision, economic projections, and interest-rate forecasts due at 2 p.m. Eastern time. Fed Chair Jerome Powell will hold a press conference, starting at 2:30 p.m.
In the U.K. the 2-year government bond yield BX:TMBMKGB-02Y fell 10 basis points to 4.625% after data showed consumer prices surprisingly slipping to 6.7% year-over-year in August, down from 6.8% in July and below economists expectations of 7%.
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