October 28, 2026

US sovereign bond yields widened slightly ahead of the Federal Reserve (Fed) meeting

International

Ahead of this afternoon’s Federal Reserve (Fed) monetary policy meeting, yields on U.S. Treasury bonds rose slightly. Specifically, the 1-year Treasury yield moved from 4.44% to 4.46%, while the 3-year yield went from 4.78% to 4.80%. Finally, the 10-year yield climbed from 4.99% to 5.00%.

Meanwhile, major U.S. stock indices closed yesterday’s session mostly in positive territory, with the exception of the Dow Jones, which remained flat. The Nasdaq led the gains, rising 1.2%, followed by the S&P 500, which gained 0.6%. Year-to-date, these indices have posted gains of 9.0%, 13.9%, and 12.8%, respectively.

Regarding the corporate earnings season, after yesterday’s market close, Visa reported earnings per share (EPS) of $3.48 and revenue of $12.1 billion—both figures exceeding the consensus analyst forecasts. A similar trend was seen with Seagate Technology Holdings, which reported an EPS of $7.68 and revenue of $4.2 billion. For today, after the market closes, reports are expected from Microsoft and Alphabet—with projected EPS figures of $4.72 and $3.02, respectively—along with results from KLA Corp and ServiceNow.

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