Bond Yields Stay Lower

The bond market's reaction to the Fed decision has so far been nothing to write home about.

The Fed raised interest rates, a decision that was unanimous. Bond yields, both on the 2- and 10-year, were lower ahead of the decision. Yields ticked higher after 2 p.m., but reversed later.

The 2-year yield is at 4.651%, lower than Tuesday's close. But still way above the current 3-3/4 to 4%. It's a signal that the bond market expects rate to keep climbing.