US Treasury Yields Hit 24-Year High Despite Dovish Fed Remarks

Key Facts

1Long-term US Treasury bond yields touched their highest level in 24 years.

2The New York Fed President stated there is 'no need for urgency' in raising interest rates.

Long-term US Treasury bond yields touched their highest level in 24 years. The Wall Street Journal reported that the New York Fed President stated there is no need for urgency in raising interest rates further.

Market momentum in bond yields persisted despite a decline in energy costs and dovish commentary from the Federal Reserve. The ascent to a 24-year peak continues to exert pressure on equity valuations and increases borrowing costs, even as falling oil prices typically ease inflation fears.