Fed Chairman Alan Greespan's comments in Frankfurt had investors worried about higher interest rates and a weak dollar. Bond prices started moving downward when they heard Greenspan say "rising interest rates have been advertised for so long and in so many places that anyone who has not appropriately hedged this position by now obviously is desirous of losing money". The yield on the 10-year treasury rose to 4.20% after finishing at 4.12% at yesterday's close.
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