Treasurys are rallying after the Fed held its benchmark interest rate and said that it expects the unwinding of its $4.5 trillion balance sheet to begin "relatively soon," so long as the economy performs as anticipated.
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Treasurys rally after the Fed says it could begin unwinding its balance sheet 'relatively soon'
The benchmark 10-year yield fell back below 2.30%.
Federal Reserve Board Chair Yellen holds a news conference after the Fed released its monetary policy decisions in Washington
The decision to keep the fed funds rate in a range between 1% and 1.25% was widely anticipated as Bloomberg's World Interest Rate Probability data showed a 0% chance the Fed would hike.
However, many on Wall Street were expecting some hints as to when the unwind might begin. And they got a little bit of clarity with the Fed saying, "
- 2-year
- 3-year
- 5-year
- 7-year
- 10-year
- 30-year
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