Treasury yields fall, Fed's Waller signals support for holding rates

 Yield on the two-year US Treasury bond, which is seen as one of the bond market's most sensitive gauges of monetary policy, fell on Thursday after Federal Reserve Governor Christoper Waller signaled he would support keeping interest rates steady if incoming data continue to show signs of disinflation.

In addition, August private payrolls in the United States fell short of analysts' expectations, showing that private-sector employment added only 38,000 during the reported period. Signs of a softer labor market could give Federal Reserve officials more room to assess upcoming inflation and employment data before deciding whether to raise interest rates further, helping push Treasury yields lower.

The yield on the 2-year bond dropped 7.7 basis points to 4.306%. The return on the 10-year Treasury note declined 5.4 basis points to 4.740%. The yield on the 30-year bond slipped 3.8 basis points to 5.229%.

https://breakingthenews.net/Article/Treasury-yields-fall-as-Fed-signals-support-for-holding-rates/67040463