US Treasury yields remain at 5 percent or above
by Elaine Frei
Prices on US Treasury bonds fell again on Monday as a Federal Reserve official made comments indicating that there are not any interest rate cuts forthcoming from the Fed anytime soon. Sandra Pianalto, President of the Cleveland Federal Reserve, told a Dublin conference that inflation is still a risk and that the priority of the Fed is to make sure that it doesn’t get out of hand.
Two-year Treasury bonds were yielding 5 percent, while the yield on five-year issues was at 5.05 percent. Prices on ten-year paper were $1.25 lower on a $1,000 note, leaving yields very near Friday’s at 5.12 percent. The price of a $1,000 thirty-year Treasury bond fell even more, by $3.12. That took thirty-year yields to 5.23 percent.
Story link: US Treasury yields remain at 5 percent or above
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