You are here: Home » Reuters » News
Business Standard

Treasury yields jump, Wall Street falls after Fed decision

Reuters  |  NEW YORK 

By Nick BrownNEW YORK (Reuters) - U.S. Treasury yields jumped and Wall Street reversed earlier gains to close lower on Wednesday, after the Federal Reserve raised interest rates and signalled that two more hikes could be coming this year. Ten-year U.S. Treasury note yields hit a one-week high, while two-year note yields rose to a three-week peak after the Fed's decision to raise its benchmark overnight lending rate a quarter of a percentage point, to a range between 1.75 percent and 2 percent.Policymakers also projected a slightly faster pace of rate increases in the coming months, with two ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, June 14 2018. 02:11 IST