Treasuries Post Best Week Since July as Fed Tempers Rate View
- U.S. 30-year yields fall as Yellen revises down policy path
- Dallas Fed’s Kaplan says officials ‘can afford to be patient’
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Longer-dated Treasuries posted their biggest weekly advance since July as markets readjusted their view to a slower pace of interest-rate increases from the Federal Reserve.
The 30-year bond yield touched its lowest level in two weeks Friday following the central bank’s Sept. 21 decision to refrain from raising rates and reduce the number of hikes it expects next year. The yield difference, or spread, between two- and 30-year securities recorded its biggest weekly decline since August.