Treasury yields extend decline after Fed minutes

Treasury yields added to their decline on Wednesday after the Federal Reserve released the minutes from its May 1-2 meeting. The 10-year Treasury note yield fell 4.4 basis points to 3.021%, according to Tradeweb data. The 2-year note yield was down 2.3 basis points to 2.569%. The 30-year bond yield slipped 3.6 basis points to 3.173%. Bond prices move in the opposite direction of yields. The minutes showed that monetary policymakers felt the central bank was on track to hike rates in June.