Treasury Yields Tumble After Fed Makes No Hint Of June Rate Hike

By Ellie Ismailidou Markets MarketWatch Pulse

Treasury yields fell Wednesday after the Federal Reserve left interest rates unchanged and took a wait-and-see stance toward future interest-rate hikes. Treasury yields fall when prices rise and vice versa. Yields had been rising for the past seven sessions in anticipation of the meeting, the longest streak in a year. On Wednesday, the yield on the benchmark U.S. 10-�year note fell 4.8 basis points to 1.881%, according to Tradeweb. One basis point is equal to one�-hundredth of a percentage point. The yield on the two�-year Treasury lost 2 basis points to 0.845%, and the yield on the 30-�year bond fell 4 basis points to 2.719%.

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