The Federal Reserve on Wednesday provided the bond bulls with a fresh round of news to keep this year's fixed-income rally running. As expected, the central bank left interest rates unchanged. As an added bonus for fixed-income markets, the Fed also advised that rate hikes may remain on hold for the rest of the year. And if that wasn't enough, the bank trimmed its outlook for economic growth in Wednesday's revision of quarterly forecasts and projected that inflation will remain subdued.
Overall, the Fed news delivered a perfect storm of bullish news to boost bond