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Fed Rate Decision Sends U.S. Treasury Yields in Different Directions

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Shorter-term Treasury yields ticked higher while longer-term yields fell Wednesday after the Federal Reserve signaled interest rates will likely climb more this year than many investors had expected.In a volatile hour of trading, Treasury yields–which rise when bond prices fall–initially climbed broadly after the Fed released its interest-rate forecast.

They then fell as Fed Chairman Jerome Powell delivered a more nuanced view of the outlook for interest rates and the economy, emphasizing the Fed’s commitment to fighting inflation but also noting that the pace of future rate increases would depend on incoming economic data.

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