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The Fed cut its interest rate, but long-term rates — including those on mortgages — went higher
Abstract：Ten- and 30-year Treasury yields rose this week after the central bank cut its short-term interest rate.
Longer-term Treasury yields jumped this week, flying in the face of the Federal Reserve's interest rate cut, as bond investors didn't get the assurances they sought.
The yield jumped as high as 4.145% after briefly falling below 4% this week. The yield — closely followed for its connection to home mortgages — traded around 4.76%, up from a low of 4.604% earlier in the week.
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