U.S. bond yields fell further after the U.S. central bank signaled a more cautious outlook for U.S. economic growth and slashed its projected interest rate path, in a sign that it remains concerned about the health of the recovery.
Benchmark U.S. 10-year note yields fell to 1.916 percent, from a yield of 2.05 percent before the Fed's announcement.
U.S. five-year and seven-year note yields hit nearly three week lows of 1.477 percent and 1.797 percent, respectively, following the decision, while 30-year bond yields fell to 2.57 percent, from a yield of 2.61 percent earlier.
On the short end of the yield curve, three-year note yields fell 0.934 percent, its lowest since early February, after the start of Fed Chair Janet Yellen's press conference in the wake of the release.
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