Treasury yields climbed on Wednesday as investors looked to the release of Fed meeting minutes, which could provide clues about future monetary policy.
Yields and prices move in opposite directions and one basis point equals 0.01%.Investors are hoping to gain further insights into whether the Fed will slow interest rate hikes and what it will take for them to be paused entirely when the central bank's November meeting minutes are released on Wednesday.
Speaking at a conference organized by the Central Bank of Chile on Tuesday, Kansas City Fed President Esther George said interest rates might still have to go higher as the Fed works to lower inflation and constrain consumer demand.indicated that rates would continue to rise, but potentially at a slower paceConcern about the pace of rate hikes leading the U.S. economy into a recession has spread among traders.
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