US Treasury Yields Rise Following Fed’s Policy Review

The US Treasury yields rose on Thursday, following remarks by the Federal Reserve Chairman, Jerome Powell.

Powell said that American monetary policy makers aim for an average annual inflation rate of 2% as the Fed revealed its policy review.

Returns on the benchmark 10-year Treasury bonds rose by 5.8 basis points to 0.744%.

Yields on the two-year notes settled at 0.158%, while the 30-year bond yield increased by 9.3 basis points to 1.499%.

This is the highest level for the 10 and 30-year notes since mid-June, and the biggest rise in one day in around two weeks.