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Treasury yields rise ahead of Fed rate decision

CNBC said U.S. Treasury yields edged higher Wednesday as traders awaited a Federal Reserve decision widely expected to leave rates unchanged.

Wire reporting: (AP, via The Philadelphia Inquirer)

U.S. Treasury yields moved slightly higher Wednesday morning as investors waited for a Federal Reserve interest-rate decision later in the session, CNBC reported1.

CNBC said the 10-year note yield was more than 2 basis points higher at 5.0134%, the 2-year yield was up 1 basis point at 4.7494%, and the 30-year yield was at 5.3200%1.

Traders priced a 90.6% chance that the Federal Open Market Committee would leave its target range unchanged at 3.75% to 4.00%, according to the CME FedWatch Tool cited by CNBC1.

CNBC said investors would watch Fed Chair Kevin Warsh's statement for clues on the path ahead, and that markets put a 76.5% chance on a 25-basis-point increase at the Dec. 9 meeting1.

CNBC said Thursday's personal consumption expenditures index, GDP and personal income and spending figures would give another look at inflation and growth1.

An Associated Press dispatch carried by The Philadelphia Inquirer also covered Wednesday's session, including equities and last month's rate increase, and described Treasury yields as holding relatively steady2.

The Fed's actual decision and any language on future policy had not been released at the time of the reports1,2.

Sources

  1. CNBCTreasury yields tick higher ahead of Federal Reserve interest rate decision
  2. (AP, via The Philadelphia Inquirer)US stocks edge higher ahead of Federal Reserve decision on interest rates

How it’s being reported

2 sources

First reported by CNBCCNBC

Where they agree

  • The Federal Reserve was due to announce a rate decision Wednesday.
  • Markets widely expected no change at this meeting.

Where they differ

How Treasury yields moved Wednesday morning

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

CNBCCNBC

Treasury yields tick higher ahead of Federal Reserve interest rate decision

Bond yields and market-implied odds of a hold versus a later hike.

CNBC reported modest rises in 2-year, 10-year and 30-year yields before the Fed announcement.

Leaves out Stock-index moves and corporate earnings due after the bell.

Bond yields and market-implied odds of a hold versus a later hike.

What it reports

  • The 10-year Treasury yield was more than 2 basis points higher at 5.0134%.
  • The 2-year yield was up 1 basis point at 4.7494%; the 30-year was above 5.32%.
  • CME FedWatch showed a 90.6% chance of rates held at 3.75%-4.00%.
  • Markets priced a 76.5% chance of a 25-basis-point hike at the Dec. 9 meeting.
  • PCE inflation, GDP and personal spending data are due Thursday.

Leaves out Stock-index moves and corporate earnings due after the bell.