10-Year Treasury Yield Nears Quarter-Century High Ahead of Fed Meeting

The 10-year Treasury yield rose to near quarter-century highs ahead of the Federal Reserve's October 27-28 meeting, Reuters reported October 26. A yield is the annual return a bond pays at its current price; yields rise as prices fall. Mortgage and corporate borrowing costs often track the 10-year, so households may feel higher rates even without a Fed move.