Treasury yields flat as Fed leaves rates unchanged; oil touches $126 overnight

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U.S. Treasury yields were broadly flat on Thursday as investors digested the Fed’s decision to keep interest rates on hold, while oil hit a 4-year high overnight.

The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was traded at 4.410%.

The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was over 1 basis point lower at 3.916%. The longer-dated 30-year Treasury bond yield was seen trading flat.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

Treasury yields flat as Fed leaves rates unchanged; oil touches $126 overnight

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