Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, Feb. 6, 2026.
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U.S. Treasury yields ticked higher on Wednesday after the Federal Reserve meeting minutes showed division on the future of monetary policy.
The 10-year Treasury yield rose more than 3 basis points to 4.087%, while the 30-year Treasury bond yield traded up more than 2 basis points to 4.711%. The 2-year Treasury note yield was also more than 3 basis points higher at 3.468%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
Central bank policymakers appeared widely in approval about keeping rates unchanged, minutes showed. The central bank held its key interest rates steady in January at a range between 3.5% and 3.75%, in line with traders’ expectations.
But participants were more divided on what should happen next with monetary tightening. Officials debated whether their focus should be more on the labor market or inflation.
“Some participants commented that it would likely be appropriate to hold the policy rate steady for some time as the Committee carefully assesses incoming data, and a number of these participants judged that additional policy easing may not be warranted until there was clear indication that the progress of disinflation was firmly back on track,” the minutes said.
Fed Chairman Jerome Powell said at the time that the committee would make decisions about rates “meeting by meeting” and based on incoming data.
Investors are also looking ahead to the release of the personal consumption expenditure price index, the Fed’s preferred inflation gauge, on Friday, which they will provide further insight into the state of the economy.
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