Yields Decline as Fed Announces Plans to Begin Purchasing Treasury Bills This Month

U.S. Treasury Yields Decline: Treasury yields fell as the Federal Reserve announced monthly purchases of $40B in Treasury bills to rebuild reserves, with the 2-Year yield dropping to 3.54% and the 10-Year yield to 4.15%.

Fed's Policy Rate Cut: The Federal Reserve cut its key policy rate by 25 basis points for the third consecutive meeting, marking the lowest level in three years.

Economic Projections: The Fed's updated dot plot indicated no further rate cuts, with increased economic growth projections and stable unemployment rate expectations.

Investment Monitoring: A variety of fixed-income exchange-traded funds (ETFs) are available for investors to monitor, including Treasury, Bond, and Inflation Protection ETFs.