Treasury Yields Slide Post Fed Rate Forecasts

Treasury yields showed a downward trend following the release of the Federal Reserve's latest 'dot plot' forecasts, indicating the central bank's continued adherence to its interest rate projection for the year. The 2-year Treasury note's yield dropped to 4.636% from 4.675% prior to the interest rate decision, while the 10-year Treasury yield decreased to 4.279% from 4.281%. The Fed's 'dot plot' reaffirmed the stability, with the median forecast for the federal funds rate at the end of the year remaining unchanged at 4.6% from the previous forecast in December, and the 'long run' rate forecast edging up to 2.6% from 2.5%.