- The Federal Open Market Committee held its key interest rate in a range between 1.25% and 1.50%.
- The central bank sees inflation hitting its 2% target over the medium term.
- The 10-year yield briefly ticked above 2.75% for the first time since April 2014.
US Treasury yields are hitting session highs after the Federal Reserve held its benchmark interest rate in a range between 1.25% and 1.50% and suggested inflation would hit its 2% target over the medium term.
Post-announcement selling is having the biggest impact on the belly of the curve, with yields there up about 4 basis points apiece. Here's a look at the scoreboard as of 2:20 p.m. ET: