Real-Time Survey After The Fed’s Decision: US Bond Yields Will Rise Again

In a real-time market survey conducted after the announcement of the Federal Reserve's decision overnight, 58% of the 172 respondents said that the two-year US Treasury note yield has not yet peaked, and most respondents expected that the ten-year Treasury note yield will climb above 4.5%. The survey was conducted within 90 minutes of the announcement of the FOMC decision. The US two-year Treasury yield rose 8.1 basis points overnight to 5.182%, the highest level since 2006, while the ten-year US Treasury yield further exceeded the August high and rose to the highest level of 4.412% since October 2007.