U.S. Treasury yields ahead of Fed decision, policy guidance [Video]

U.S. Treasury yields fell slightly on Wednesday, as investors awaited economic data and the Federal Reserve’s latest interest rate decision and monetary policy guidance.

The yield on the 10-year Treasury was a basis point lower at 4.67%. The 2-year Treasury yield was last at 5.019% after dipping by around 3 basis points, holding above the 5% mark it crossed Tuesday.

Yields and prices move in opposite directions. One basis point equals to 0.01%.

The latest ADP private payrolls report showed 192,000 workers added in April. That surpassed the 183,000 expected by Dow Jones. The data comes ahead of Friday’s April jobs report.

Investors also looked ahead to the conclusion of the Federal Reserve’s latest meeting and considered key economic data.

The Fed is widely expected to keep rates unchanged, and investors are hoping that officials will provide fresh signals about the potential path ahead for interest rates. Uncertainty has grown in recent weeks about the possibility, number and timing of interest rate cuts this …