The Fed is hiking again, and the 10-year yield sits at 5.10%
The Fed raised rates on Sept 16 for the first time since July 2023, and long-term Treasury yields are now well above its overnight rate. Here is what that gap means for companies that borrow.
The Federal Reserve raised interest rates at its Sept 15–16 meeting, lifting its target range by a quarter of a percentage point to 3.75%–4.00%. According to coverage of the decision, the vote was unanimous, and it was the Fed's first hike since July 2023.
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