Treasury Yields Drop

Treasury prices were higher across the board Wednesday after the Federal Reserve left rates unchanged again and suggested that additional firming might not be necessary.

The 10-year note was up 6/32 in price to 100 24/32, yielding 4.53%, and the 30-year bond was adding 5/32 to 100 24/32, yielding 4.70%. Yields and prices move in opposite directions.

Closer in, the two-year note was higher by 5/32 to 100 13/32, yielding 4.52%, and the three-year was gaining 6/32 to 100 26/32, yielding 4.44%. The five-year rose 7/32 to 100 28/32 and was yielding 4.42%.

In the currency market, the dollar was stronger, rising against the pound, the euro, the yen and the Swiss franc.