เฟดขึ้นดอกเบี้ย 0.25% สู่ระดับ 3.75%-4% เป็นการขึ้นครั้งแรกนับตั้งแต่ปี 2023

Higher rates let Lincoln National reinvest maturing bonds and new annuity premium inflows at more attractive yields, boosting spread-based annuity income.

Reinsurance Group of America's significant spread-based annuity exposure and long-duration bond portfolio benefit from reinvesting at higher yields after the Fed hike.

Travelers' large investment portfolio could see a modest boost to investment income from higher rates, though P&C faces mixed cost pressure from energy inflation and tariffs.

The Fed raised the federal funds rate target range by 25bp to 3.75%-4%, directly lifting the effective federal funds rate.

The Fed's first rate hike since 2023 and signal of possible further increases push Treasury yields higher, lifting the 10Y yield.