Treasury-bill rates tumble after Fed delivers biggest interest-rate cut in years

Yields on Treasury bills maturing in up to three months tumbled on Wednesday, after the Federal Reserve delivered a half-percentage-point interest-rate cut and signaled the likelihood of additional adjustments in borrowing costs.

Yields on Treasury bills maturing in up to three months tumbled on Wednesday, after the Federal Reserve delivered a half-percentage-point interest-rate cut and signaled the likelihood of additional adjustments in borrowing costs.