TREASURIES-Bonds rise following Fed official's comments
NEW YORK |
NEW YORK Feb 16 (Reuters) - U.S. government debt prices rose on Tuesday after the head of the Federal Reserve Bank of Minneapolis said inflation would remain "relatively tame."
The U.S. benchmark 10-year Treasury note US10YT=RR rose 5/32 in price to yield 3.67 percent after Narayana Kocherlakota predicted a slow recovery and cast himself as a dovish member of the Federal Open Market Committee in his first public speech as Minneapolis Fed president, analysts said.
Kocherlakota does not have a voting seat this year, but will vote next year.
The 30-year Treasury bond US30YT=RR was up 7/32 to yield 4.64 percent.
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