The 10-year U.S. Treasury yield briefly topped 1.65% on Wednesday morning, as investors geared up for the Federal Reserve’s latest policy decision later in the day. … The Federal Open Market Committee is set to conclude its two-day meeting and share its policy decision at 2 p.m. ET on Wednesday. The central bank is not expected to take any action on monetary policy. Fed Chairman Jerome Powell is scheduled to hold a press conference at 2:30 p.m. ET, which investors will be watching closely for any clues on the direction of policy. Aaron Anderson, senior vice president of research at Fisher Investments, said on Wednesday that while the FOMC had consistently communicated its plans to stick to its current policies for a long time, expectations of higher interest rates and tapering of quantitative easing were on the rise.
Source: CNBC – Bonds
