U.S. government bonds Wednesday afternoon mostly unchanged after the Federal Reserve left benchmark rates unchanged and made few significant alterations to its policy statement, leaving the likelihood of further rate hikes in September and December still on the table. The 10-year Treasury note TMUBMUSD10Y, +1.29% ticked down to 2.986%, from a high of about 3% intraday, while rates for the 2-year Treasury [ s: TMUBMUSD02Y], a maturity that is among the most sensitive to the interest-rate outlook, held at 2.678%, little changed from its level before the policy update at 2 p.m. Eastern. Yields for the so-called long bond, as the 30-year Treasury TMUBMUSD30Y, +1.51% is called by bond investors, was at 3.112%, edging slightly lower. The Federal Open Market Committee kept federal-funds futures rates at a range between 1.75% and 2%, as had been expected.
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