The US 30-year bond yield is trading near its highest level in 19 years. In late New York trading the previous day, it touched 5.2273 percent, the highest since mid-2007, and during Asian hours it remained around 5.2039 percent. Although three members at the FOMC argued for a rate hike, rates were left unchanged, and Fed Chair Powell offered no concrete guidance, deepening market doubts about the commitment to curbing inflation. The 10-year yield climbed to 4.73 percent, while the 2-year yield held at 4.269 percent, causing a pronounced steepening of the yield curve. President Trump's indication that he wants rate cuts amplified the market reaction, according to Gavin Friend, senior market strategist at National Australia Bank.