U.S. Yields Dip on Dovish Fed Outlook

U.S. Treasurys yields dipped on Friday, but remained off recent multi-week lows, as traders reverted to buying U.S. government bonds on accommodative central bank policies in the United States and Europe.

Traders who had taken some profits on Thursday after Wednesday’s dramatic price gains, which came after the Federal Reserve suggested it was pursuing a less aggressive timeline for raising interest rates, bought back Treasurys.

“People are adding to positions,” said Ian Lyngen, senior government bond strategist at CRT in Stamford, Connecticut. Yields move inversely to prices.

CNBC

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