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Treasurys hold their ground as Wall Street awaits interest-rate decision from Fed


U.S. Treasurys were little changed on Wednesday as investors awaited a key policy decision from the Federal Reserve later in the afternoon that could determine the near-term outlook for the bond market. The 10-year Treasury note yield TMUBMUSD10Y, -0.19% was 0.6 basis point lower at 2.953%. The 2-year note yield TMUBMUSD02Y, +0.16%  added 0.2 basis point to 2.541%, while the 30-year bond yield TMUBMUSD30Y, -0.32% slipped 0.7 basis point to 3.086%. Bond prices move in the opposite direction of yields. See: Fed goal is to signal an ‘unhurried’ pace of interest-rate hikes Traders are expecting the Fed to raise the fed-funds rate by a quarter percentage point to a range of 1.75% to 2.00%, marking