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Treasury Yields Drop

TSC Staff

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.