US Treasury yields remain higher after release of Fed minutes

Wall Street’s benchmark equities index closed at a record high, with investors turning their attention to the release of important inflation data on Thursday.

The S&P 500 gained 0.7 per cent to finish at 5,792.04, surpassing its September 30 peak of 5,762.48.

The technology-dominated Nasdaq Composite ticked up 0.6 per cent, but remained shy of its mid-July record high.

The S&P 500 is now up 21.4 per cent so far in 2024, while the Nasdaq has gained 21.9 per cent.

Wednesday’s stock moves came after the release of the minutes from the Federal Reserve’s September policy meeting and ahead of inflation data on Thursday that could have an impact on the central bank’s November rate decision.

The yield on the policy-sensitive two-year Treasury climbed 0.04 percentage points to 4.02 per cent.