Finance

U.S. 10-year yields rise as Fed decision weighs rate path

U.S. Treasury yields rose after the Federal Reserve kept the policy rate in a 3.5%-3.75% band at its January meeting, renewing questions about the pace of future policy moves. A real-time snapshot shows the 10-year at 4.267%, the 2-year around 3.584%, and the 30-year at 4.89%, with data delayed by at least 15 minutes.

📅 January 29, 2026
⏱️ 2 min read
U.S. 10-year yields rise as Fed decision weighs rate path

Key Takeaways

  • The Fed left the federal funds rate at 3.5%-3.75% in January.
  • Debt-market yields moved higher: 10-year at 4.267%, 2-year at 3.584%, 30-year at 4.89%.
  • Analyst Afonso Borges expects a 50 basis-point cut in H1 2026, more than markets price.
  • Julius Baer maintains a slight overweight stance on U.S. fixed income, citing potential longer-term gains from pauses followed by cuts.

People Involved

  • Christopher WallerFederal Reserve Governor
  • Afonso BorgesFixed income analyst, Julius Baer

Entities Involved

  • Federal ReserveUnited States central bank
  • Julius Baer Group LtdSwiss private banking and investment group

MarketMoodz Analysis

Markets are parsing higher yields against a backdrop of a steady policy rate, with investors weighing how the Fed’s path in 2026 could affect discount rates and equity valuations. Higher yields push up discount rates, which can weigh on stocks even as borrowers face higher financing costs. The session saw the 10-year at 4.267%, the 2-year near 3.584%, and the 30-year at 4.89%.

Analyst commentary from Julius Baer suggests a potential for longer-term gains after pauses followed by rate cuts, with Borges forecasting 50 basis points of easing in H1 2026—a view that could enable a steeper long end of the curve.

Note that a few claims—Waller’s vote for a 25-basis-point cut and Borges’ 50-basis-point forecast—aren't independently verified and come from CNBC; cross-check with official votes and alternative sources. Data in this article is a real-time snapshot delayed by at least 15 minutes.

Source: Original Article

Get AI-Powered Market Insights

Stay ahead of market-moving events with our real-time analysis and stock ratings.

Start Your Free Trial