Bond Traders Say Don’t Count Out June Hike After Yellen Remarks
- Futures markets signal greater probability of move in June
- Two-year note in longest losing streak in two months
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Treasuries traders who delayed holiday getaway plans on Friday took away a clear message from Federal Reserve Chair Janet Yellen -- a mid-year interest-rate hike may be on the way.
Yellen’s remark that the Fed will raise rates "probably in the coming months" drove benchmark two-year note yields higher for a third consecutive week. The comments at an afternoon appearance at Harvard University followed those from other Fed officials who signaled that the Federal Open Market Committee’s June 14-15 meeting is "live.”