According to CoinMeta, the yield on UK 30-year government bonds soared after the Federal Reserve announced on Wednesday that it would maintain interest rates unchanged, reaching a high of 5.759% at one point during the session, the highest level in a week. The Fed did not provide guidance on possible policy actions for future meetings, increasing market uncertainty. Analyst Patrick Munnelly stated in a report that the surge in long-term bond yields is "a protest by the long-term market against uncertainty, inflation risks, and the Fed's willingness to let market interest rates play a role in tightening financial conditions."