India, June 17 -- After showing a lack of direction for much of the trading day on Wednesday, treasuries came under pressure following the Federal Reserve's monetary policy announcement.
Bond prices saw considerable volatility late in the day but closed firmly in negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 3.5 basis points to 4.463 percent.
The late-day weakness among treasuries came after the Fed announced its widely expected decision to leave interest rates unchanged for the fourth straight meeting.
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