federal reserve chair jerome powell prepares for a house financial services committee hearing on oversight of the treasury departments and federal reserves pandemic response in the rayburn house office building in washington dc on dec 2 2020 the yield on the benchmark 10year treasury note rose 4 basis points to 1678 at around 400 pm et the yield on the 30year treasury bond rose 2 basis points to 238 bond yields move inversely to prices treasury yields rose on wednesday following the release of minutes from the federal reserves last policy meeting in which officials hinted at reconsidering their easy policy the central bank had hinted at reconsidering its easy policies if the economy continues to rapidly improve fed officials at their april meeting said a strong pickup in economic activity could spur conversations about tightening monetary policy according to minutes from the session released wednesday a number of participants suggested that if the economy continued to make rapid progress toward the committees goals it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases the meeting summary stated the fed released minutes from its april 2728 meeting with investors looking for clues about the central banks views on inflation and when it might start to tighten monetary policy the threat of inflation has been an overhang recently in the stock market as investors worry inflation pickup that is more than transitory could cause the central bank to raise interest rates at the session the policymaking federal open market committee voted to hold benchmark shortterm borrowing rates near zero and to continue buying at least 120 billion in bonds each months an auction will be held wednesday for 27 billion of 20year bonds