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Bonds &Fixed Income: US Treasury yields slip ahead of Fed minutes release

cnbc.com Alexandra Gibbs, Thomas Franck The yield on the benchmark 10-year Treasury note fell to multiweek lows on Wednesday while the Federal Reserve's latest meeting minutes revealed members split over the direction of inflation. The yield on the benchmark 10-year Treasury note fell to 2.824 percent at 2:11 p.m. ET, off a low of 2.808 percent earlier in the session. That low marked the 10-year yield's lowest level since July 6. The 30-year Treasury bond yield was in the red at 2.986 percent. Bond yields move inversely to prices. Minutes from the most recent Federal Open Market Committee gathering showed members fairly confident that "strong" economic growth will persistent at least for the months to come. Officials said it would "likely soon be appropriate to take another step in removing policy accommodation," an indicator for a looming rate hike that is widely expected by markets. "The topics discuss