PrintTREASURIES-Yields jump on hawkish Fed statement
BY Reuters | ECONOMIC | 02:13 PM EDTNEW YORK, April 29 (Reuters) - U.S. Treasury debt yields rose on Wednesday after the Federal Reserve held interest rates steady, but in its most divided decision since 1992 noted rising concerns about inflation.
The U.S. central bank's policy statement drew three dissents from officials who no longer feel the U.S. central bank should communicate a bias towards lowering borrowing costs.
The 2-year note yield, which typically moves in step with Fed interest rate expectations, was last up 7.8 basis points on the day at 3.92%, the highest since March 27.
The yield on benchmark U.S. 10-year notes rose 4.8 basis points to 4.402%, the highest since March 30.
(Reporting by Karen Brettell; Editing by Chris Reese)
