- The Federal Open Market Committee held its key interest rate in a range between 1.25% and 1.50%.
- The central bank sees inflation hitting its 2% target over the medium term.
- The 10-year yield briefly ticked above 2.75% for the first time since April 2014.
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Treasury yields tick higher as the Fed says it sees inflation picking up
The 10-year crossed above 2.75% for the first time since April 2014.
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US Treasury yields are hitting session highs after the Federal Reserve held its benchmark interest rate in a range between 1.25% and 1.50% and suggested inflation would hit its 2% target over the medium term.
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Post-announcement selling is having the biggest impact on the belly of the curve, with yields there up about 4 basis points apiece. Here's a look at the scoreboard as of 2:20 p.m. ET:
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- 2-year
- 3-year
- 5-year
- 7-year
- 10-year
- 30-year
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