Treasury 30-Year Bonds Decline on Fed Inflation View
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Treasury 30-year bonds fell on the week as investors cast doubt on Federal Reserve Chair Janet Yellen’s comments that rising consumer prices should be disregarded rather than seen as a sign of faster inflation.
A gauge of U.S. inflation expectations for the next five years touched the highest level in more than a year after Yellen said June 18 that the Fed maintains its commitment to low interest rates and dismissed a faster-than-forecast rise in the U.S. consumer price index. Ten-year notes dropped for a third week before U.S. reports next week that analysts say will show home sales rose and confidence in the economy improved.