U.S. Treasury yields were mostly higher Wednesday even after the Federal Reserve announced it would leave interest rates unchanged, as traders bet the central bank will hike at their next meeting in June.
The Treasury Department also said earlier, it was studying the issuance of ultra-long bonds.
That came after Treasury Secretary Steven Mnuchin said in an interview with Bloomberg Television on Monday that his department was looking into the issuance of bonds with
maturities beyond 30 years.
Earlier in the session, the yield on the two-year note advanced to 1.302 percent beating a high of 1.306 from March 29. Yet, the yield moved lower and sat around 1.298 percent.
The 30-year bond yield fell to 2.957 percent while the benchmark 10-year note yield jumped to 2.309 percent and the five-year yield rose to 1.844 percent.