Treasury Yields Fall From 2-Year Highs as Selloff Seen Excessive
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Treasury yields declined from the highest levels since 2011 amid speculation a selloff after Federal Reserve Chairman Ben S. Bernanke said the Fed may slow bond purchases this year was excessive.
U.S. government securities fluctuated as stocks rose. Benchmark 10-year yields had their biggest one-day jump this week since October 2011 after Bernanke said June 19 the central bank may end $85 billion in monthly bond purchases under quantitative easing in mid-2014.