{"id":76513,"date":"2024-09-26T19:00:11","date_gmt":"2024-09-26T19:00:11","guid":{"rendered":"http:\/\/guid_108039741"},"modified":"2024-09-26T19:00:11","modified_gmt":"2024-09-26T19:00:11","slug":"the-fed-slashed-interest-rates-last-week-but-treasury-yields-are-rising-whats-going-on","status":"publish","type":"post","link":"https:\/\/wp.timesamerica.net\/the-fed-slashed-interest-rates-last-week-but-treasury-yields-are-rising-whats-going-on\/","title":{"rendered":"The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?"},"content":{"rendered":"

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Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. <\/div>\n
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With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future.<\/p>\n

The Treasury market, though, hasn’t been paying attention.<\/p>\n

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Despite the Fed approving a half percentage point<\/span> reduction in its baseline short-term borrowing rate, Treasury yields instead have been moving higher, particularly at the long end of the curve.<\/p>\n

The 10-year note yield, considered the benchmark for government bond yields, has leaped about 17 basis points since the Federal Open Market Committee meeting of Sept. 17-18 \u2014 reversing what had been a sharp decline throughout September. (One basis point equals 0.01%.)<\/p>\n<\/div>\n

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