U.S. 10-Year Yield Reaches 7-Month Low on Fed, ECB
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Treasury 10-year note yields reached a seven-month low as Federal Reserve policy makers said more economic stimulus may be needed and the European Central Bank said it will suspend some operations with Greek banks.
Several U.S. central bank officials said increased risks to their economic outlook could warrant additional action to keep the recovery on track, minutes of their last meeting showed. U.S. government debt declined earlier as optimism about the economic outlook damped demand for safe assets. A U.S. sale of $13 billion of 10-year inflation-indexed notes tomorrow is forecast to produce a record low negative yield.