Treasuries-US yields pare decline after Fed raises rates
TLT•Treasury yields edge lower after Fed decision
U.S. Treasury yields pared their drop on Wednesday after the Federal Reserve raised interest rates and flagged further increases in borrowing costs in the coming months to control inflation.
The decision was unanimous.
The yield on the benchmark U.S. 10-year Treasury note US10YT=RR was last down 4.3 basis points at 4.953%. The yield on the 30-year bond US30YT=RR fell 5 basis points to 5.313%.
A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes US2US10=TWEB, seen as an indicator of economic expectations, was at a positive 30.9 basis points.
The two-year US2YT=RR U.S. Treasury yield, which typically moves in step with interest rate expectations for the Fed, was down 2.1 basis points at 4.644%.
