1606 ET - Treasury yields mostly rise as the Fed delivers the expected interest rate increase while pledging to tackle inflation. The central bank hikes by a quarter of a percent, the first increase since 2023. The majority of officials predicted one more uptick this year. Markets price a roughly 50-50 probability of a similar move or hold in October. Bond investors seem to see the move as evidence that the Fed will bring inflation, to target, as the 30-year yield slips 0.017 percentage point to 5.346%, while the 10-year rises just 0.008 point to 5.003%. The two-year, which tracks Fed moves more closely, adds 0.065 points to 4.725%.
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