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Treasury Two-Year Yields Reach Highest Since 2010 on Fed Boost
- Central bank raises interest rates for first time since 2006
- Policy makers indicate four quarter-point increases next year
Deep Dive: Two-Year Treasury Yield, U.S. Stocks Soar
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Treasuries fell, pushing two-year yields to the highest since 2010, after the Federal Reserve raised interest rates from near zero, retreating from an era of accommodative monetary policy aimed at helping the U.S. recover from the financial crisis.
Yields rose across maturities after Fed officials lifted borrowing costs by 0.25 percentage point. Policy makers signaled a gradual approach to additional rate increases amid tame U.S. inflation.