Treasury yields hit daily highs on Fed minutes

October 9, 2013

NEW YORK (MarketWatch) — Treasury prices extended a drop Wednesday, pushing benchmark yields up to their highest point of the day after the Federal Reserve’s meeting minutes showed tapering still on track for this year. The Federal Open Market Committee minutes for its September meeting showed that while the central bank’s members surprised markets by holding off on a wind-down of its $85 billion in monthly bond buys, they expect to begin the process before the end of the year.