Two-Year Treasuries Gain Following Release of Fed Minutes: Chart

Yields on Treasury two-year notes dropped after minutes from the Federal Reserve’s July policy meeting showed officials were divided on whether the job market would continue to strengthen and saw little risk of a marked pickup in inflation. Traders will now seek clues on the timing of the next rate hike from Fed Chair Janet Yellen’s speech at a meeting of global policy makers in Jackson Hole, Wyoming, later this month.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.