Forex: U.S. dollar moves higher across the board
The dollar strengthened against all the major currencies:
EURUSD: 1.1536 → 1.1502. The USD gained 34 pips.
USDJPY: 155.04 → 155.37. The USD gained 33 pips.
GBPUSD: 1.3447 → 1.3411. The USD gained 36 pips.
USDCHF: 0.8184 → 0.8210. The USD gained 26 pips.
USDCAD: 1.3938 → 1.3957. The USD gained 19 pips.
AUDUSD: 0.7131 → 0.7113. The USD gained 18 pips.
NZDUSD: 0.5759 → 0.5741. The USD gained 18 pips.
The broad-based dollar buying suggests that traders interpreted the decision and updated projections as more hawkish than what was priced into the market immediately before the announcement.
Treasury yields: Front end moves sharply higher
The largest yield increases were concentrated at the shorter end of the curve:
2-year yield: 4.606% → 4.6571%, an increase of 5.1 basis points.
5-year yield: 4.7646% → 4.7971%, an increase of 3.3 basis points.
10-year yield: 4.9466% → 4.9610%, an increase of 1.4 basis points.
30-year yield: 5.3285% → 5.3188%, a decline of 1.0 basis point.