Treasury yields climb to 2007 highs after Fed keeps rates steady
TL;DR Summary
Longer-dated Treasuries rose after the Fed left rates at 3.5%-3.75%, lifting the 30-year yield to about 5.201% and briefly to 5.244% — the highest since July 2007. The 10-year yield rose to 4.671% while the 2-year fell to 4.236%. Three FOMC members dissented in favor of a rate hike; traders eye September as inflation data and energy tensions influence policy. Energy prices climbed with Middle East tensions after comments about Iran, as crude settled around $84.46 a barrel.
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