TREASURIES-Yields fall as Fed commits to low rates, leaves bond purchases unchanged
June 10, 2020 at 15:09 PM EDT
U.S. Treasury yields fell on Wednesday after the Federal Reserve repeated its promise of continued extraordinary support for the economy and kept the size of its bond purchase program unchanged. Policymakers projected a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year's end. The Fed also said it would maintain bond purchases at "the current pa