Treasuries hold gains after Yellen speaks

Treasuries rallied amid a risk-off bid throughout markets Monday, holding onto gains after late remarks by Federal Reserve Chair Janet Yellen about the U.S. economy. The 10-year Treasury yield fell by two basis points to 2.37 percent at 4:47 p.m. in New York. It dipped below 2.3 percent for the first time this year on Friday after the March jobs report showed a smaller-than-forecast increase in nonfarm payrolls. The move wasn’t sustained as the report also showed an unexpected drop in the unempl...

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