Treasurys Sink After Fed Decision; U.S. Dollar Jumps

U.S. Treasury prices continued to fall Wednesday while the dollar jumped against its rivals after the Federal Reserve said it would formally end its bond-buying stimulus program. The 10-year Treasury note yield, which rises as prices fall, rose 7 basis points on the day to 2.353%, and jumping as high as 2.357%. It traded at 2.325% before the decision. The U.S. dollar rose against its rivals, with the greenback climbing to 108.68 Japanese yen, its highest on a closing basis since early October. It had traded at 108.13 yen before the decision.

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