Benchmark Treasury Yields and Basis Points

basis points: The yield on the 10-year U.S. Treasury 10 -0.23% fell 5 basis points on the day and 3.5 basis points on the week to 2.580%. Yields move in the opposite direction of prices, according to Market Watch. Benchmark Treasury yields had been rising in the past two weeks as investors prepared for and reacted to a meeting of Fed policy-markers, which showed some officials had moved up the timing and pace of their interest-rate hike forecasts. However, investors reversed course on Friday as they digested the central banks firm commitment to near-zero interest rates and Ben Eisen Reporter William Watts Reporter NEW MarketWatch -- U.S. Treasury prices gained ground on Friday, pulling down yields as investors stepped back into the market after a Federal Reserve-inspired selloff. The yield on the 2-year note 2 -0.71% was unchanged at 0.569%, while the 30-year T-bond yield 30 -0.09% fell 7 basis points to 3.290%. (news.financializer.com). As reported in the news.