Long-Term U.S. Borrowing Costs Near 25-Year Highs Before Fed Meeting

U.S. 10-year government borrowing costs neared 25-year highs before the Federal Reserve's October 27-28 meeting, Reuters reported October 26. A Reuters poll from October 20 expected the Fed, the central bank, to keep its key interest rate at 3.75%-4.00%. The 10-year yield, the interest paid on 10-year government debt, helps set many home loan rates.