10-year Yield Dips Below 2% after Fed

Bond yields fell further after the Fed signaled a more cautious outlook for economic growth and cut its projections for interest rates, in a sign that it remains concerned about the health of the recovery.

Benchmark 10-year note yields fell to 1.916 percent, from a yield of 2.05 percent before the central bank’s announcement.

Five-year and seven-year note yields hit nearly three-week lows of 1.477 percent and 1.797 percent, respectively, after the decision, while 30-year bond yields fell to 2.57 percent, from a yield of 2.61 percent earlier.

CNBC

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