Treasury Yields Decline After Fed Leaves Interest Rates Unchanged

Treasury yields fell Thursday afternoon after the Federal Reserve left interest rates unchanged and lowered its interest-rate forecast for the longer run. The 10-year Treasury yield declined 7.7 basis points to 2.226%, while the 30-year yield fell 5.1 basis points to 3.038%. Bond yields fall when prices rise and vice versa. Among shorter maturities, the yield on the two-year Treasury note declined by 7.3 basis points to 0.738%, after a selloff over the past couple of days had driven the yield to its highest level in over four years.