By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — Treasury prices fell on Tuesday, pushing yields up from near their lowest levels in about two weeks, before the Federal Reserve begins its two-day meeting.
Many expect policy makers will announce that the central bank will continue its current bond-purchase program known as Operation Twist.
Yields on 10-year notes 10_YEAR +1.96% , which move inversely to prices, rose 3 basis points to 1.61%. A basis point is one one-hundredth of a percentage point.
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — Treasury prices fell on Tuesday, pushing yields up from near their lowest levels in about two weeks, before the Federal Reserve begins its two-day meeting.
Many expect policy makers will announce that the central bank will continue its current bond-purchase program known as Operation Twist.
Yields on 10-year notes 10_YEAR +1.96% , which move inversely to prices, rose 3 basis points to 1.61%. A basis point is one one-hundredth of a percentage point.
