Treasury yields remained higher Wednesday after the Federal Reserve’s policy statement did nothing to dispel expectations for a March rate increase. Yields, which move in the opposite direction of debt prices, briefly trimmed their rise following the statement but soon returned to previous levels. The yield on the 2-year Treasury note , which is sensitive to shifting expectations for official rates, was up 1.6 basis points at 2.145%, while the 10-year note yield rose 1.5 basis points to 2.736%.
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