Bond Report: Treasury yields continue lower after Fed fails to signal quicker pace of rate hikes

Treasury yields ticked lower on Monday as the Federal Reserve’s unwillingness last week to signal a more aggressive pace of interest-rate hikes helped support the battered Treasury market.

The yield on the 10-year note TMUBMUSD10Y, -1.71% was flat at 2.501%, while the yield on the two-year note TMUBMUSD02Y, -1.14% typically the most sensitive to interest-rate expectations, shed 1.2 basis point to 1.300%. The yield on the 30-year bond TMUBMUSD30Y, -1.23% climbed half a basis point to 3.115%. Bond yields fall as prices rise.

Last week, the Fed raised its benchmark interest-rate target by a quarter of a percentage point to a range of between 75 basis points and 1%—its second such hike over the past three months.

>>> Original Source <<<