By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices declined on Wednesday, pushing yields up, as traders await the end of the Federal Reserve's Open Market Committee meeting, with a policy statement due out at 12:30 p.m. Eastern time, followed by revised forecasts from officials and then a press conference with Fed Chairman Ben Bernanke at 2 :15 p.m. The most common prediction from analysts is that the Fed opts to continue its bond-purchase program known as Operation Twist. Other possibilities are outright quantitative easing or making bigger changes to the language of its statement. "We can't recall a FOMC meeting where the divergence of potential outcomes has been so wide," said bond strategists at Nomura Securities. "Although Twist extension is a common theme, nobody has much insight into that other than it seems like the easiest to do." Yields on 10-year notes 10_YEAR +1.36% , which move inversely to prices, rose 2 basis points to 1.64%, their highest since June 8.
