Skip to content
Subscriber Only

Treasury Yields Hit Pre-Pandemic Levels Ahead of Fed Decision

  • Benchmark 10-year reaches 1.687%, highest in more than a year
  • U.S. policy makers meet Wednesday as economy regains footing
Updated on

U.S. Treasuries extended their six-week selloff before the Federal Reserve’s policy decision on Wednesday, with yields rising to multi-month highs.

The benchmark 10-year rate climbed as much as 7 basis points to 1.687%, the highest since January 2020, while the 30-year yield touched 2.442%, the loftiest level since August 2019. Meanwhile, the gap between two- and 10-year rates widened beyond 150 basis points for the first time since 2015. Yields attained session highs following a block trade in 10-year futures.