Short-Term Treasury Yields Rise After Fed Signals Shift

Yields on all but the longest-term U.S. government bonds edged higher Wednesday after the Federal Reserve signaled that it was poised to start scaling back bond purchases as soon as November, while more officials than in June indicated that they could envision raising interest rates by the end of next year.

Yields, which rise when bond prices fall, initially posted muted moves after the Fed released its latest policy statement at ​2​ ​p​.m. EDT but reacted more decisively during a subsequent press conference from Fed Chairman Jerome Powell.