Treasurys up ahead of Fed decision

NEW YORK (MarketWatch) - Treasurys gained Wednesday, though pared their advance after a report showed durable-goods ordered unexpectedly improved last month, before the Federal Reserve ends its two-day meeting. Two-year note yields, which move inversely to prices, fell 4 basis points to 1.59%. Durable goods orders rose 0.8% in September, the Commerce Department said. Economists surveyed by MarketWatch forecast a 1% decline. Excluding transportation, orders fell 1.1%. The U.S. central bank is widely expected to lowest rate to 1% from 1.5% when it ends its meeting, expected around 2:15 p.m. Eastern.
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Original post by Forextvblog

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