Treasuries Jump After Fed Meeting

Treasuries were higher Tuesday after the Federal Reserve kept its benchmark fed funds rate at 1.75% but left open the possibility of further cuts this year.

Around 4 p.m. EDT, the 10-year note was up 1 3/32 at 102 13/32, yielding 4.080%. The long bond was gaining 1 16/32 to 106 3/32 and yielding 4.973%.

Shorter-term issues were also advancing. The two-year note was up 5/32 to 100 16/32 and yielding 1.985%, and the five-year was higher by 17/32 to 100 19/32 with a yield of 3.115%.

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