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PrintTREASURIES-US yields pare gains after Fed statement
BY Reuters | ECONOMIC | 03/19/25 02:13 PM EDTMarch 19 (Reuters) - U.S. Treasury yields pared earlier gains on Wednesday after the Federal Reserve held interest rates steady, as expected, while U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year.
The Fed also said it will reduce the pace of the drawdown of its still-massive balance sheet, as it faces challenges in assessing market liquidity during an ongoing impasse over lifting the government's borrowing limit.
The yield on benchmark U.S. 10-year notes was last up 1.7 basis points on the day at 4.298%. The 2-year note yield, which typically moves in step with interest rate expectations, was up 1 basis point at 4.052%.
The yield curve between two-year and 10-year notes was last at 24 basis points, little changed on the day.
(Reporting By Karen Brettell; Editing by Chris Reese)
