US bond yields lower
March 20, 2006
Yields on US Treasury notes were down on Monday ahead of comments from US Federal Reserve Chairman Ben Bernanke in front of the Economic Club of New York scheduled for Monday evening. Traders hoped that his remarks might shed some light on what the Fed will do about interest rates at its meeting next week.
By late morning in New York, two-year Treasury yields were down 0.4 basis points to a yield of 4.649 percent, while ten-year notes were yielding 4.646 percent, a loss of 3 basis points.