10-Year Treasury Yields Near 25-Year Highs Ahead of Fed Meeting

U.S. 10-year Treasury yields rose toward their highest levels in roughly a quarter century 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, serves as a reference for many mortgage rates.