After the Federal Reserve released its monetary policy statement, the yield curve of U.S. bonds steepened.

After the Federal Reserve announced its decision to keep interest rates unchanged, the mid-term U.S. Treasury bonds outperformed. The statement stated that uncertainty in the economic outlook increased, with risks of rising inflation and unemployment rates. Short-term U.S. bond yields rose to levels almost unchanged during the day, while mid-term U.S. bonds outperformed, causing the 5s30s yield spread to widen. OIS contracts linked to Federal Reserve meetings generally remained unchanged, continuing to bet on three interest rate cuts within the year, each by 25 basis points.