US Treasury Yields Hold Lower After Fed’s Fischer Comments

by Alexandra Gibbs

U.S. government debt prices were higher on Monday, as investors digested the latest remarks made by Federal Reserve Vice Chairman Stanley Fischer, while keeping an eye on oil and new data.

In prepared remarks for a speech at the Economic Club of New York, Fischer suggested that low rates can lead to longer and deeper recessions, making the economy more vulnerable.

The yield on the benchmark 10-year Treasury note sat lower at around 1.76 percent at 2:27 p.m. ET, while the yield on the 30-year Treasury bond was lower at 2.52 percent. Bond yields move inversely to prices.

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