Treasuries Gain as Fed Signals Gradual Path of Rate Increases

  • Longer maturities lead rally following policy announcement
  • Shorter debt gains capped as officials note ‘diminished’ risks

Why a Fed Rate Hike in September May Be Back on the Table

Treasuries gained, driving 10-year yields down the most in three weeks, as the Federal Reserve said it expects to raise interest rates gradually, while giving little hint that an increase is coming anytime soon.

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