10-year yield at 2.942%; 2-year yield at 2.476%; 30-year yield at 3.116%

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Breaking

Treasury yields edge lower after Fed policy statement

Treasury yields edged lower after the Federal Reserve released the policy statement from its meeting. As expected, the Fed made no changes to its benchmark interest rate, keeping it at 1.50% to 1.75%. The 10-year Treasury note yield was down 1.2 basis point to 2.964%. The 2-year note yield fell 0.8 basis point to 2.504%. The 30-year bond yield slipped 1.1 basis pointto 3.126%. Bond prices move in the opposite direction of yields. The Federal Open Market Committee, the Fed’s policy making body, said inflation should run near the central bank’s 2% target over the next 12 months.

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