Longer-term U.S. Treasury yields are little changed since the January FOMC meeting. The 10-year note and the 30-year bond now yield about 1.98 percent and 3.19 percent, respectively.
However, since the December 12 FOMC statement—which reiterated the Committee's intention to purchase $45 billion of Treasury securities as well as $40 billion of agency MBS per month—and following the fiscal cliff deal, Treasury yields have moved noticeably higher. The 30-year bond is up 30 bps, and the 10-year higher by 28 bps, since December 12; with increases of 24 bps and 22 bps, respectively, since the fiscal cliff deal.
