Treasury Yields Hit New 4-Week High After Fed
2026-04-29 18:20
By
Joana Taborda
1 min. read
The yield on the US 10-year Treasury note rose about 7bps to 4.42% on Wednesday, a new high in roughly a month, as investors reacted to the latest FOMC decision.
The Fed left the federal funds rate unchanged, as expected, but the decision was not unanimous, with three members dissenting over language suggesting the central bank could eventually resume rate cuts.
This was seen as a more hawkish signal, with traders now pricing in roughly a one-in-three chance of a rate hike by April 2027.
Short-term Treasury yields, which are more sensitive to interest rate changes, rose more sharply, particularly the 2-year yield, which climbed above 3.95%.
Meanwhile, the Fed noted the war in Iran is weighing on the economic outlook and oil prices continued to rise, with President Trump saying the US would keep its naval blockade on Iran in place until it agrees to a nuclear deal.