US yields higher after Fed decision

US Treasury bond prices were lower and yields rose after the Federal Reserve decided to leave interest rates on hold for another month. There was disappointment in some quarters that the Fed reiterated its determination to fight inflation because that means that more interest rate hikes could be coming at a time there had been hopes that rates might come down soon.

Two-year Treasury notes were yielding 4.709 percent after the decision, while ten-year issues were at 4.659 percent. Ten-year bonds had been at a yield of 4.634 late in the session on Tuesday. Thirty-year paper yielded 4.829 percent after the Fed’s decision was announced.

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