U.S. Treasury yields fell on Tuesday morning, following recent comments from Federal Reserve officials, allaying fears around inflation.
The yield on the benchmark 10-year Treasury note fell to 1.591% at 4:20 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.283%. Yields move inversely to prices.
TICKER COMPANY YIELD CHANGE %CHANGE
US3M U.S. 3 Month Treasury 0.015 0.00 0.00
US1Y U.S. 1 Year Treasury 0.053 0.012 0.00
US2Y U.S. 2 Year Treasury 0.153 0.00 0.00
US5Y U.S. 5 Year Treasury 0.797 -0.01 0.00
US10Y U.S. 10 Year Treasury 1.591 -0.017 0.00
US30Y U.S. 30 Year Treasury 2.284 -0.017 0.00
Fed officials, including Governor Lael Brainard and the central bank’s Atlanta President Raphael Bostic, have made comments recently playing down rising inflation and concerns about tightening of easy monetary policy.
Kansas City Fed President Esther George said on Monday that it would be important not to stick to a “rigid formulation of policy reactions” as the economic picture changes, according to a Reuters report.