[U.S. Treasury Shows Little Movement After Fed Holds Rates Steady as Expected] The Federal Reserve decided as expected to keep interest rates unchanged, but Waller and Milan opposed the decision, advocating for a 25 basis point rate cut. Subsequently, U.S. Treasury movements were minimal. The U.S. Treasury yield curve rose across the board by 1 to 2 basis points, with yield spreads differing by less than 1 basis point compared to Tuesday's closing levels. OIS contracts linked to the Fed meeting continue to bet on a cumulative rate cut of about 45 basis points by the end of the year, remaining largely flat during the day.