Treasury yields fell Wednesday after the Federal Reserve left interest rates unchanged and took a wait-and-see stance toward future interest-rate hikes. Treasury yields fall when prices rise and vice versa. Yields had been rising for the past seven sessions in anticipation of the meeting, the longest streak in a year. On Wednesday, the yield on the benchmark U.S. 10-year note fell 4.8 basis points to 1.881%, according to Tradeweb. One basis point is equal to one-hundredth of a percentage point. The yield on the two-year Treasury lost 2 basis points to 0.845%, and the yield on the 30-year bond fell 4 basis points to 2.719%.
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