Bond Report: Treasury yields extend rise after Fed policy statement

Treasurys saw choppy price action Wednesday but ended little changed, leaving yields largely steady after the Federal Reserve underlined rising inflation expectations and did nothing to discourage expectations it will tighten monetary policy when it meets in March.

How are Treasurys performing?

Yields, which move inversely to debt prices, initially crept higher after the Fed released its policy statement, then pulled back. The two-year note yield TMUBMUSD02Y, +0.76% the most sensitive to changes to monetary policy, rose just 0.18 basis points to 2.142%. The yield on the 10-year Treasury note TMUBMUSD10Y, +1.08% was little budged on the day at 2.722%, after earlier testing levels last seen in April 2014.

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