Treasuries Gain After Two-Year Yields Reach Highest Since June

Yellen: Case to Raise U.S Rates Is Getting Stronger

Treasuries gained after two-year yields reached the highest since June.

Yields initially rose after Federal Reserve Chair Janet Yellen said in a speech in Jackson Hole, Wyoming, that the case to raise interest rates is strengthening as the U.S. economy approaches the central bank’s goals.