Traders work on the floor of the New York Stock Exchange (NYSE) on September 28, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
U.S. Treasury yields were steady on Wednesday as investors awaited new data to provide insight into the state of the U.S. economy ahead of next week’s Federal Reserve interest rate decision.
yield of 10 years US Treasury Interest rates, a key benchmark for mortgages, auto loans and credit card debt, fell less than 1 basis point to 5.109%.
yield of 2 years treasury Notes, which more closely follow the Fed’s short-term interest rate decisions, rose less than 1 basis point to 4.791%. long term yield 30 year US bond The rate, which often fluctuates depending on geopolitical developments, fell by more than one basis point to 5.41%.
One basis point is equal to 0.01%, or 1/100th of 1%, and yield and price are inversely proportional to each other.
The Fed’s next interest rate meeting is scheduled for Oct. 28, and traders are considering how domestic economic data and global geopolitical developments will shape the outlook for inflation and interest rates.
Last week, the average 30-year fixed-rate mortgage fell to 7.41%, according to the Mortgage Bankers Association. The average interest rate on fixed-rate loans used to be 7.5%.
On Thursday, the Department of Labor released new unemployment insurance claims data for the week ending October 17th. Economists compiled by Dow Jones expect 200,000 people to apply for unemployment benefits.
Energy prices continued to rise on Wednesday, with U.S. West Texas Intermediate Futures It is trading above $97 per barrel. brent crude oil futures Over $108. It comes as new missile attacks on tankers and Saudi energy facilities in the Strait of Hormuz have raised fresh concerns about oil supplies.
