Bond Report: Treasury yields briefly climb after Fed talks balance-sheet unwind

Treasury yields pulled back Wednesday after discussions from a recent meeting of the Federal Reserve’s interest-rate-setting committee to shrink its $4.5 trillion balance sheet this year indicated it would not substantially shrink its holdings.

Yields for 10-year notes TMUBMUSD10Y, -0.27% retreated 0.2 basis points to 2.352%, after touching a daily high of 2.382% following the release of the minutes. Yields for 30-year bonds TMUBMUSD10Y, -0.27% rose 0.1 basis point to 3.002%, after hitting 3.026% on the session, while yields for two-year notes TMUBMUSD02Y, -0.33% were at 1.246%, from an intraday high of 1.286%.

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