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Long-dated Treasury yields on track for biggest daily drop in over 3 months

Long-dated Treasury yields on track for biggest daily drop in over 3 months

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Long-dated Treasury yields on Wednesday were experiencing the biggest slide in months, with buying in long-dated bond yields fueled by concerns about the economic outlook, against expectations that the Federal Reserve will commence the reduction of monthly asset purchases, as early as next week, with an eye toward eventually hiking interest rates, which currently stand at a range between 0% and 0.25%. The 10-year Treasury note yield TMUBMUSD10Y, 1.526% was 8.3 basis points lower at around 1.538% at last check Wednesday, compared with its 3 p.m.

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