The Fed cut its interest rate, but long-term rates — including those on mortgages — went higher

Published Sat, Sep 20 20259:21 AM EDTUpdated Sat, Sep 20 20259:31 PM EDT

By: Alex Harring

Torsten Asmus | Istock | Getty Images

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 10-year Treasury yield jumped as high as 4.145% after briefly falling below 4% this week. The 30-year Treasury yield — closely followed for its connection to home mortgages — traded around 4.76%, up from a low of 4.604% earlier in the week. LEARN MORE…

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