Treasury yields drop despite hawkish Fed speak

Long duration treasury yields in the US are trading weak despite hawkish comments from Fed officials.

At the time of writing, 10-yr treasury yield in the US fell more than one basis point to 1.923%. 30-yr yield was down more than one basis point as well at 2.705%.

However, 2-yr yield, which mimics short-term rate hike expectations, was trading largely unchanged on the day.

Fed’s Bullard was on the wires earlier today stating the central bank may be falling behind the curve. Similar comments have hit the wires over the last two days, despite which the treasury yields have stayed weak.

Moreover, the moderate drop seen today may be due to weakness in oil prices.

Long duration treasury yields in the US are trading weak despite hawkish comments from Fed officials.

(Market News Provided by FXstreet)

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