US bonds push higher
Wednesday, 17 September 2014
US Treasury bonds largely traded higher on Wednesday, as investors waited to learn whether the US Federal Reserve will maintain its dovish policy stance. Yields on benchmark 10-year Treasury notes — used to calculate mortgage rates and other consumer loans — fell to 2.57 per cent from a close of 2.59 per cent. Two-year Treasury notes moved against the trend however, trading flat to lower. After a two-day policy meeting, the Fed is seen announcing a $10 billion further reduction in its monthly asset purchases to $15 billion, ahead of ending the buying program in October. The central bank will also publish updated economic forecasts, according to cnbc.com