Fed's $300 billion plan causes Treasury yields to gyrate

The Federal Open Market Committee's comments that it "decided to purchase up to $300 billion of longer-term Treasury securities over the next six months" caused the yield on 30-year U.S. Treasury bonds to drop by as much as 42 basis points Wednesday. Less than 30 minutes later, the Federal Reserve Bank of New York clarified the buying plan, sending the yield back up.

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