Treasury yields hold decline after Fed raises benchmark interest rate

Treasury yields held onto its earlier fall after the Federal Open Market Committee voted to raise rates by a quarter percentage point on Wednesday, bringing it up to between 1.25% and 1.50%. The Fed stuck to its forecast for three rate increases in 2018. They also forecast U.S. GDP forecasts to rise to 2.5% next year from 2.1% and unemployment to fall to 3.9%. The 10-year Treasury note yield was at 2.362%, from 2.403% on late Tuesday. The 2-year note yield 1.803%, from 1.829%. The 30-year bond yield 2.741%, versus 2.782%.

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