The 10-Year Yield Has Inched Higher
The 10-Year Treasury yield dropped for a brief moment shortly after 2:00pm ET on September 18th after the Fed’s rate announcement. Since then, the 10-year yield has directionally climbed. Treasury will auction approximately $2 Trillion to cover the fiscal deficit in October - December. Therefore, I do not expect yields on 7, 10, 20 and 30 year Treasuries to come in before then.
