Treasury yields tumble to 1-month low as Yellen hints at no rate hike in April

Short-term Treasury yields tumbled Tuesday to their lowest level in a month after Federal Reserve Chairwoman Janet Yellen defended the U.S. central bank's decision to move cautiously on interest-rate hikes given the risky outlook. Treasury yields fell across the board, with prices rising. Yellen remained silent about any prospect of a rate hike at the next meeting on April 26-27 and underscored the risks of stagnant inflation. The market took a dovish interpretation of Yellen's comments, with Treasury yields tumbling and stocks gaining ground. The 10-year Treasury yield, the Treasury market's ......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1Skkv2t
via IFTTT