3/17/2017, 9:40 PM (Source: TeleTrader)
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Treasuries continue higher after Fed rate hike

United States government bond prices advanced on Friday, as investors parsed the Federal Reserve's decision to raise interest rates by 25 basis points during its meeting on March 14-15.

The sentiment this week was dominated by the central bank's monetary policy statement, which projected only two further rate hikes over the course of this year, while many analysts expected a more hawkish tone given the upbeat economic data.

The yield on 10-year Treasuries dropped to 2.4987% at 9:32 pm CET, while the yield on two-year bonds fell to 1.3167%. The yield on 30-year debt slipped to 3.1079% at the same time. Meanwhile, in Europe, the yield on 10-year German Bunds dipped to 0.435% and the yield on British gilts of the same maturity eased to 1.244%.

Baha Breaking News (BBN) / IB