U.S. bond yields fall amid inflation worries

U.S. bond yields declined after the Federal Reserve raised interest rates for the first time in three years. The 10-year Treasury yield fell to 4.984%, while 30-year bonds dropped to 5.334%, and 2-year bonds registered at 4.705%. The Fed emphasized that inflation remains high, with expectations of another rate hike later this year. Chairman Kevin Worch pointed to the likelihood of increasing rates, noting that the majority of officials anticipate such an move. Markets expect the Fed to raise interest rates in December, with investors awaiting the impact on the bond market and the economy.

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