NEW YORK Jan 7 Short-dated U.S. Treasuries
prices firmed slightly on Friday after Federal Reserve Chairman
Ben Bernanke said the economic recovery was continuing but not
at a pace sufficient to cut the jobless rate significantly.
"Bernanke's comments look bullish for bonds," said
Thomas di Galoma, head of fixed-income rates trading at
Guggenheim Securities in New York.
In testimony Friday before the U.S. Senate Budget
Committee, Bernanke said it could take "four to five more years
for the job market to normalize fully."
While short-term U.S. debt prices US2YT=RR rose, the
30-year bond US30YT=RR, wary of long-term prospects for
inflation, augmented losses to fall a point, its yield rising
to 4.575 percent.