Treasurys remain down after Bernanke says inflation easing

NEW YORK (MarketWatch) — Treasury prices remained lower Friday, pushing yields higher for a second day, after Federal Reserve Chairman Ben Bernanke said growth will remain weak and he expects inflation to moderate later this year. Ten-year note yields rose 4 basis points to 3.87%. The central bank was committed to price stability over the medium term, Bernanke said in comments to the central bank’s annual meeting in Jackson Hole, Wyo. The economy is beginning to feel the effects of the financial markets turmoil, he said. Treasurys are also under pressure from concern that a government investment in mortgage buyers Fannie Mae or Freddie Mac would likely lead to more debt issuance.
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Original post by Forextvblog

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