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

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%.