Longer-Dated US Yields Rise After Fed Holds Rates
Longer-dated US Treasury yields extended earlier gains after the Federal Reserve held rates unchanged and signaled confidence in the economy. The move cemented expectations for a December hike.
By Caroline ValetkevitchLonger-dated US Treasury yields extended early gains on Wednesday afternoon, after the Federal Reserve signaled confidence in the economy despite leaving interest rates unchanged, cementing expectations for a December hike.Two-year yields, which were higher earlier in the da…