Bond Report: Treasury yields recede after Fed policy update

Treasury yields fell Wednesday afternoon after the most recent update on monetary policy from the Federal Reserve showed few signs that the central bank would ratchet up its pace of rate increases, even as the Fed conceded that the outlook for inflation had strengthened.

Wall Street traders also were watching the narrowing spread between the 2-year and 10-year Treasury note, which is often looked at as a gauge of investors’ dimming outlook for the economy, but that is also a typical feature of a rising-rate environment.

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