The Federal Reserve's removal of the statement that "inflation is making progress" toward the 2% target suggests long-dated bond yields will be higher, said Franklin Templeton Institute's Chris Galipeau in a note.

Bond yields dipped Thursday after the Fed’s midweek monetary policy decision did little to shift the market’s interest rate expectations.

Treasury yields edged lower in early European trading ahead of the Fed’s policy decision, with markets expecting the fed funds target range to remain unchanged.

U.S. Treasury yields were little changed on Thursday as investors weighed the Federal Reserve's first interest rate decision of 2025.

Yields on U.S. government debt finished slightly higher on Wednesday after the Federal Reserve said inflation remains “somewhat elevated” and left interest rates unchanged.