Traders work on the floor of the New York Stock Exchange (NYSE) in New York, United States, Friday, February 6, 2026.
Michael Nagle | Bloomberg | Getty Images
U.S. Treasury yields rose Wednesday as investors anticipated minutes from the Federal Reserve meeting and key inflation data.
THE Cash flow at 10 years the yield increased by more than 2 basis points to 4.081%, and the Cash flow over 30 years the bond yield rose more than a basis point to 4.698%. THE Cash flow over 2 years the note yield was more than 2 basis points higher at 3.464%.
One basis point is 0.01%, and yields and prices move in opposite directions.
Investors will keep an eye on the FOMC meeting minutes, which will be released at 2 p.m. ET, providing insight into the decisions made by policymakers at the Fed’s January meeting.
The central bank held its key rates remain stable in January in a range between 3.5% and 3.75%, in line with traders’ expectations.
Fed Chairman Jerome Powell said at the time that the committee would make decisions on rates. “meeting by meeting” and based on incoming data.
Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, said in a note Tuesday: “We will be attentive to the discourse between the hawks and the doves as the Committee held rates steady for the first time since the normalization process restarted in September 2025.”
He added: “The statement will be informative as it assesses the Fed’s reaction to the incoming data, and also provides details on the underlying motivation for not cutting rates in January.”
Investors are also looking forward to Friday’s release of the Personal Consumption Expenditures Price Index, the Fed’s preferred inflation gauge, which will provide a deeper look at the state of the economy.
