U.S. Treasury prices soared on the day of the Federal Reserve's decision, with the two-year Treasury yield falling by about 7 basis points on Wednesday

On Wednesday (March 19), at the New York close, the yield on the U.S. 10-year benchmark Treasury bond fell by more than 4.00 basis points, refreshing the daily low to 4.2428%. At 01:51 Beijing time (less than 10 minutes before the Federal Reserve released its decision statement), it had risen to 4.3196%, refreshing the daily high. The yield on the 2-year U.S. Treasury bond fell by 6.75 basis points to 3.9723%. At 01:19 (less than an hour before the FOMC announced to hold steady), it refreshed the daily high to 4.0881%, then plummeted after the decision statement was released, refreshing the daily low to 3.9660% at 03:04 (when Federal Reserve Chairman Jerome Powell's press conference was nearing its end)