Markets & Finance
Treasuries were mixed by the close of trading on Wednesday. Bond prices saw little impact from the Fed statement in the afternoon, since it had remained unchanged since December. The Fed suggested inflation was contained, and announced further rate hikes should be expected. There were no surprises in the $51 billion refunding. The Treasury said it was considering a change in the coupon format on notes and bonds, by changing coupons to decimals, says Informa.