BOND REPORT: Treasury Yields Retreat As Global Stocks Turn Lower, Dollar Softens
By Mark DeCambre, MarketWatch
U.S. 10-year benchmark yields slip to 2.30% as stocks slump
Treasury prices rose on Wednesday, pressuring yields, as investors await a late-afternoon speech from Federal Reserve Chairwoman Janet Yellen that could offer market participants further guidance on the path of monetary policy.
Yellen's speech will follow economic reports on services as market participants weigh the prospect of a leadership change at the U.S. central bank.
What did yields do?
The 2-year note yield was down 1.6 basis point at 1.459%, compared with 1.475% late Tuesday.
The benchmark 10-year Treasury note yield was 2.9 basis points lower at 2.303%, versus 2.332%, while the 30-year bond yield traded down by 2.3 basis points at 2.849%, compared with 2.872%.
Bond prices move inversely to yields.