Treasury yields rise for week amid Fed decision, higher inflation

U.S. government debt yields were poised for weekly gains on Friday following the Federal Reserve's decision to stand by its plans for further rate hikes and signs of inflation among producers. As of 8:44 a.m. ET, the yield on the 10-year Treasury note was seen trading lower at around 3.223 percent, while the yield on the 30-year Treasury bond dipped to 3.423 percent. The yield on the two-year Treasury note hit its highest level since June 2008 on Thursday, following the latest monetary policy decision from the Fed. The U.S. central bank left rates unchanged as expected, but maintained its plans to hike interest rates, saying it saw "further gradual increases" ahead.