U.S. government bond yields rise after Fed meeting

U.S. government bond yields rise after Fed meeting

Ten-year US Treasuries were rising 0.02 basis points to 0.941% at 22.32 Moscow time, compared with a decline of 0.916% before the Fed decision was announced.

The yield on the 30-year US Treasuries rose 0.023 basis points from last week’s closing level to 1.687% versus a decline of 1.66% prior to the announcement.

The Fed on December 15-16 expectedly kept the benchmark interest rate at 0-0.25% per annum. In addition, the regulator announced that it will continue to buy assets at 120 billion a month until substantial progress on employment and inflation targets is achieved.

The next meeting is scheduled for January 26-27.