US bond yields down
April 10, 2006
Yields on US Treasury bonds were down on Monday as investors wait for new economic data scheduled for release later in the week. Also helping bond prices were comments by Federal Reserve governor Susan Bies, who implied that further hikes in the interest rate are not necessarily a given. Most analysts, however, still believe that rate hikes will come in May and possibly in June.
After reaching a yield of 4.994 percent on Friday, ten-year bond yields were down 2.5 basis points to 4.961 percent during the day Monday. Two-year yields were down 1.6 basis points to a yield of 4.898 percent.