Treasurys unmoved by Fed

By Annalyn Censky, staff reporter

NEW YORK ( -- U.S. debt prices rose slightly, but overall, trading was slow in the Treasury market Tuesday both before and after the Fed's announcement on interest rates.

What prices are doing: The benchmark 10-year note rose 12/32 to 99-12/32 and its yield dropped to 3.655%. The 30-year bond advanced 19/32 to 100-19/32 and its yield fell to 4.591%. Bond prices and yields move in opposite directions.


The 2-year note rose 2/32 to 99-30/32 with a yield of 0.92%. The 5-year note inched up 7/32 to 100-3/32 with a yield of 2.358%.

What's moving the market: Analysts weren't expecting a hike in interest rates, but rather, were looking specifically for any hints in the statement about future actions. And the Fed delivered no surprises there.

Fed policymakers say they remain committed to keeping the federal funds rate near 0% for an "extended period."

Thomas Hoenig, president of the Federal Reserve Bank of Kansas City dissented against the Fed's "extended period" language at the meeting, as he did in February.

The Fed has kept interest rates at near zero since December 2008.

What analysts are saying: No surprises from the Fed meant no major shifts for the Treasurys market, said Michael Cheah, a bond fund manager for SunAmerica. Investors in U.S. debt are looking for cues from the stock market, which posted only modest gains after the Fed's statement.

"The Federal Reserve is in a position where they both don't have to act, and they don't know where they want to go," Cheah said. "We're sitting and waiting, until they are forced to make a change." To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
View rates in your area
Find personalized rates:
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET


Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More

Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.