As investors worry about the future of interest rates, the 2-year Treasury yield increases.

On Thursday, U.S. Treasury yields were divided as investors pondered the future of interest rates following the Federal Reserve's meeting minutes, which showed caution about reducing rates too quickly.

The yield on the was slightly above flat at 4.327%. The yield was last up by 5 basis points at 4.707%.

An inverse relationship exists between yields and prices, with one basis point equivalent to 0.01%.

The Federal Reserve's January meeting minutes, released on Wednesday, indicated that policymakers would exercise caution and avoid hasty rate cuts.

Officials from the government were worried about the potential dangers of acting too hastily and were waiting for more certainty before reducing interest rates.

The minutes indicated that participants believed it inappropriate to lower the federal funds rate target range until they had greater confidence in inflation's sustainable movement towards 2%. Additionally, the minutes suggested that policymakers did not anticipate any further rate hikes.

Market participants were informed by the latest inflation insights that pressures from higher prices may be more persistent than anticipated, as the January consumer price index and producer price index both exceeded expectations.

Initially, investors anticipated rate cuts to occur in March, but now they expect the first reduction to happen in June.