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U.S. Treasury yields edged higher Thursday as markets parsed the Federal Reserve’s second rate cut this year and mixed signals about December. The 10-year rose more than 3 basis points to 4.095%, the 2-year gained over 2 to 3.608%, and the 30-year added more than 5 to 4.651%. The FOMC voted 10-2 to lower the benchmark rate to 3.75%-4% despite limited data amid a government shutdown. Chair Jerome Powell noted “strongly differing views” and said another cut next month is “not a foregone conclusion.” Investors watched a Trump–Xi trade meeting in South Korea that ended on a positive note.

Prepared by Christopher Adams and reviewed by editorial team.