India, May 7 -- Following the upward move seen over the course of the previous session, treasuries saw continued strength during trading on Wednesday.
Bond prices advanced early in the session and remained in positive territory for the rest of the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell 3.3 basis points to 4.275 percent.
Treasuries reached new highs for the session after the Federal Reserve announced its widely expected decision to leave interest rates unchanged but warned of increasing risks of higher unemployment and higher inflation.
In support of its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run, the Fed said it decided to leave th...