10-Year Treasury Yields Near Quarter-Century Highs Ahead of Fed Meeting

U.S. 10-year Treasury yields rose to near quarter-century highs ahead of the Federal Reserve's October 27-28 meeting, Reuters reported October 26. A Reuters poll published October 20 expected the Fed to hold its policy rate at 3.75%-4.00%. The 10-year yield, the return on 10-year government debt, is a reference for many mortgage rates.