September 23, 2009
U.S. markets rise slightly
U.S. markets were slightly higher in advance of a U.S. Federal Reserve monetary policy decision scheduled Wednesday afternoon.
Few expect the Fed will change the zero to 0.25 percent bank-to-bank lending rates at this time. The Fed has signaled it will take a cautious approach backing away from extraordinary measures it took to keep financial systems solvent through the economic downturn.
The benchmark 10-year Treasury fell 4/32 to yield 3.458 percent.
The euro fell to $1.4779 from Tuesday's $1.48. Against the yen, the dollar rose to 91.37 yen from Tuesday's 91.20 yen.
The stock market in Japan was closed for a holiday.