Treasury Yields Falling On Yellen’s QE Backing Call

Treasury prices ended higher Thursday as the market focused on President Obama’s nominee to lead the Federal Reserve.

The 10-year Treasury note yield, which moves inversely to price, fell 2.5 basis points to 2.696%. The 30-year bond yield fell 2.5 basis points to 3.798%, and the 5-year note yield fell 3 basis points to 1.333%.

Janet Yellen, currently the Fed’s vice chairwoman, answered questions from a Senate committee as she seeks confirmation to lead the central bank. In her testimony, she backed the Fed’s current bond-buying program in remarks that were interpreted by the markets as dovish.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu