U.S. government bonds rallied Wednesday, sending the 10-year Treasury yield tumbling to its lowest level in more than a year, after the Federal Reserve signaled it was unlikely to raise interest rates at all in 2019. The yield on the benchmark 10-year note—used as a reference for everything from auto loans to mortgages—settled at 2.537%, compared with 2.614% Tuesday. That marked its lowest close since Jan. 11, 2018.

Source: Wall Street Journal March 20, 2019 15:25 UTC