Bond yields higher after Bernanke comment

Yields were higher on US Treasury bonds Tuesday on rising equities and after a speech by Federal Reserve chairman Ben Bernanke didn’t mention interest rates or the US economy at all.

Investors had hoped that Mr. Bernanke would make some remarks that might hint and what the Fed is considering doing about interest rates, although some analysts took his lack of comment as a sign that a rate cut is coming next week at the Fed’s next meeting.

Two-year treasury bonds yielded 3.91 percent, up from Monday’s late quote of 3.85 percent, while five-year bonds were at a yield of 4.04 percent.

Ten-year issues were yielding 4.36 percent and thirty-year paper was up from 4.64 percent on Monday afternoon to a yield of 4.65 percent Tuesday.