Yields on US Treasuries shot down after the Federal Reserve announced its decision to leave interest rates unchanged. But that's likely not what's driving yields lower.
In the Fed's statement, it said it would be significantly slowing the pace at which it allows its holdings, namely US Treasuries, to mature without reinvesting them. That brought the yield on the 10-year Treasury note to fresh lows for the day.
US stocks, meanwhile, remained relatively unchanged following the announcement.
The blue-chip Dow was 157 points, or 0.4% higher. The S&P 500 was 0.1% lower and the tech-heavy Nasdaq remained flat.