(Bloomberg) — Treasuries rallied while the dollar tumbled and stocks fluctuated after the Federal Reserve opted to hold interest rates steady.

The yield on 10-year Treasury notes sank seven basis points to 2.22 percent, while the Bloomberg Dollar Spot Index tumbled 0.4 percent a 2:08 p.m. in New York.

The Standard & Poor's 500 Index swung between gains and losses as the decision to hold fueled debate on the strength of the American economy.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.