Treasury Yields Rise on FOMC Minutes

Yields on the 10-Year U.S. Treasury benchmark climbed immediately following the release of the Federal Reserve Open Market Committee (FOMC) statement, according to Tradeweb data. The bid yield on the 10-year U.S. Treasury benchmark climbed from an intraday low of 2.678% at 6:42 AM ET today to 2.741% as of 5:00 PM ET on February 19. 

The minutes revealed that Fed officials started to debate in January when to start raising interest rates, with some suggesting they should move “relatively soon.” According to MarketWatch, other news affecting Treasury yields included the fall in housing starts by 16%, the highest percentage drop in three years, and the rise of U.S. producer prices by 0.2% for the second month in a row in January. 

The following data snapshot is based on indicative, real-time data from Tradeweb:

U.S. Treasury 10-Year Bond Yields – February 19, 2014 (1-Day Intraday View) 

 Treasury Yields Rise on FOMC Minutes