“We expect the Fed to reiterate that inflation remains the ‘predominant”

Treasury bonds prices were largely unchanged Wednesday morning, ahead of a Federal Open Market Committee decision on interest rates that is widely expected to keep the overnight rate steady at 5.25 percent.

At 11 a.m. EDT, the 10-year Treasury note was up 31 cents per $1,000 in face value, or 1/32 point, from its level at 5 p.m. Tuesday. Its yield was virtually unchanged at 4.64 percent.

The 30-year bond fell 3/32 point, with the yield holding at 4.81 percent.

The 2-year note was unchanged, yielding 4.68 percent. Read more

Original post by The Associated Press