Treasury Yields Rise After Fischer Remarks
The yields on Treasury notes spiked Friday after Federal Reserve Chairman Stanley Fischer suggested that the Federal Reserve is still open to raising interest rates at its September meeting. The 10-year yield was up 2.2 basis points on the day to 2.188%, while the two-year yield was up 4.7 basis points to 0.731%. Shorter-term Treasurys are more sensitive to rate-hike expectations. Yields had been moving lower earlier in the session. The yield on the 30-year bond was up 0.4 basis point to 2.906%. Bond yields move inversely to prices.
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