Treasury yields declined Wednesday afternoon after an early release of the minutes from the Federal Reserve’s July meeting gave no clear tip towards a September interest-rate increase. But the minutes did not rule out a September rate hike. Most policy makers thought economic conditions needed for a rate hike were “approaching,” the minutes showed. Treasury yields had already been declining ahead of the release and fell further afterwards, with the 10-year Treasury yield trading down 5.3 basis points on the day at 2.143%. The 2-year yield fell 6.1 basis points to 0.657% and the 30-year yield declined 2.3 basis points to 2.842%.
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