US Bond Yields Rise to a New High

The 10-year Treasury yield exceeded 1.66% on Wednesday morning. This took place later that day, prior to the release of minutes from the Federal Reserve Board’s last policy meeting.

Benchmark yield 10-year government bond It rose to 1.666% EST at 4 am. Yield 30-year government bond It rose to 2.385%. Yield is inversely proportional to price.

The minutes of the April FOMC meeting is due to be published at 2 p.m., and investors will scrutinize the meeting minutes for any indication of the Fed’s views on rising inflation and when it might start to tighten its easy monetary policy.