Treasuries Decline as Yellen Sees Gradual Path to Raising Rates

Updated on
  • Fed chair says positive economic forces outweigh negatives
  • Bond traders pricing in 22% probability of July rate hike

Treasury 10-year notes fell for the first time in five days as Federal Reserve Chair Janet Yellen said positive U.S. economic developments will probably outweigh negative forces and called gradual interest-rate increases appropriate.

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