US Treasury yields fall
March 7, 2006
Prices were up and yields fell on US Treasury bonds on Tuesday after four straight days of price declines. Early in the day in New York, yields hit their highest levels in almost two years, with ten-year bonds yielding 4.805 percent and two-year issues at a yield of 4.809 percent. By midday, however, ten-year yields had dropped 1.6 basis points to 4.738 percent. Two-year yields were about the same at 4.775 percent. The price rises came after an attempt to reverse the current yield curve inversion were not successful.