US Treasurys higher after Fed suggests December rate hike

• September 21, 2017
• realestate
• Announcements, Business & Markets, Real Estate, Real Estate Finance

The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was lower at around 2.2694 percent, while the yield on the 30-year Treasury bond was also lower at 2.8097 percent.

As widely expected, the U.S. central bank said Wednesday it would begin trimming its massive holding of U.S. Treasurys and mortgage-backed securities in October. The Fed also suggested it still expects one more interest rate hike before the end of the year, with investors projecting this would most likely happen in its final meeting of 2017, in mid-December