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BOND REPORT: August 29th, 2014 Long-term U.S. Treasury Yields at 2014 Low-
NEW YORK (MarketWatch) — Long-term U.S. Treasury yields fell again this week after data showed the pace of new-home sales in July fell to a four-month low, and now have hit a new low for the year pushing mortgage rates down.
Yields move inversely to prices, falling as prices rise. The U.S. 10-year Treasury note yield (10_YEAR) fell more than 1 basis point to 2.33% Friday.
U.S. Fed Chairwoman Janet Yellen said Friday that the Fed’s focus is “naturally shifting” to a debate over when to hike interest rates, as the U.S. economic recovery is nearing the Fed’s objectives. Short-term note yields are more sensitive to rate-hike speculation than longer-term bond yields.
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