Treasury Yields Decline After Powell Remarks and Weak Auction
-
Treasury yields fell Friday after volatile moves Thursday following Powell comments and weak 30-year auction.
-
The yield on the 2-year Treasury note dropped to 4.978% Friday from 5.022% Thursday.
-
The 10-year yield fell to 4.578% Friday from 4.629% Thursday.
-
The 30-year yield dropped to 4.711% Friday from 4.777% Thursday.
-
Powell said rates may need to go higher to reach 2% inflation target, raising prospect of more Fed action.