NEW YORK (MarketWatch) -- Treasury prices extended a drop Wednesday, pushing benchmark yields up to their highest point of the day after the Federal Reserve's meeting minutes showed tapering still on track for this year. The Federal Open Market Committee minutes for its September meeting showed that while the central bank's members surprised markets by holding off on a wind-down of its $85 billion in monthly bond buys, they expect to begin the process before the end of the year. On that news, the 10-year note (10_YEAR) yield, which moves inversely to price, rose 3 basis points on the day to 2.667%, and hit as high as 2.674%. The 5-year note (5_YEAR) yield rose slightly to 1.429% while the 30-year bond (30_YEAR) yield rose 4 basis points to 3.735%.
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