It is a notable philosophical change from previous years, when Fed officials regularly guided markets toward an expected policy path. The 10-year yield climbed 8.1 basis points to 4.685%, while the 30-year yield rose nearly 12 basis points to 5.211%. Stocks finished near their session lows as higher yields weighed on valuations. The AUD was the only currency that fell vs the greenback (-0.29%). The dollar moving lower ran counter to the higher yields, but could also reflect the selling seen the bonds and stocks in the US today.