Treasury yields rose led by the five-year after New York Federal Reserve President William Dudley downplayed the length of any pause in short-term rate normalization by the central bank when it starts to shrink its balance sheet.
Yields were higher by two to seven basis points at 4 p.m. in New York, with the 10-year higher by 4 basis points at 2.38 percent. Dudley said his March 31 comments that caused bonds to rally and steepened the curve were âmisconstruedâ by some.
Earlier in the session, yi...
Share this post
← Back to Utah