U.S. Treasury yields rose on Wednesday, ahead of the release of minutes from the Federal Reserve's latest policy meeting.
The yield on the benchmark 10-year Treasury note rose 2 basis points to 1.282% at 12:15 p.m. ET. The yield on the 30-year Treasury bond added 1 basis point, rising to 1.93%. Yields move inversely to prices and one basis point is 0.01%.
Treasurys
Minutes from the Federal Open Market Committee's July meeting are due to be published at 2 p.m. ET on Wednesday. Investors will be poring over the minutes for any indicators as to when the Fed will start to taper its bond buying program.
Housing starts fell 7% in July to a seasonally adjusted annual rate of 1.534 million units, the Commerce Department said Wednesday. Economists expected the rate to fall to 1.6 million units.
Auctions were held on Wednesday for $30 billion of 119-day bills and $27 billion of 20-year bonds.
