U.S. Treasury Yields Turn Higher After Fed Meeting Minutes Release

In late trading on Wednesday (April 8), U.S. 10-year Treasury yields fell 0.98 basis points to 4.2831%. After a gap lower at the open, yields hit a daily low of 4.2281% at 16:59 Beijing time, and then gradually recovered. Yields briefly turned higher at 02:41 after the U.S. Treasury Department released the results of its 10-year note auction and the Federal Reserve released the minutes of its March FOMC monetary policy meeting.

2-year Treasury yields fell 0.43 basis points to 3.7834%, trading in a range of 3.7090%-3.7938% during the day. 30-year Treasury yields rose 0.91 basis points to 4.8795%.

The 2/10-year U.S. Treasury yield spread fell 0.160 basis points to +50.168 basis points.

The yield on 10-year Treasury Inflation-Protected Securities (TIPS) rose 1.15 basis points to 1.9401%. The yield on 2-year TIPS rose 10.04 basis points to 0.5834%, trading around 0.3634 at 18:59 before significantly rallying above the 0.6% mark. The yield on 30-year TIPS rose 1.54 basis points to 2.6689%.