US Treasuries Gain as Powell Cites Risk for Inflation, Labor

Jerome Powell Treasuries gained for the first time in five sessions after Federal Reserve Chair Jerome Powell reiterated his view that policymakers face a “challenging situation” in balancing risks to inflation and the labor market. Most Read from Bloomberg The gains pushed yields two to four basis points lower across tenors, with the rate on the 10-year bond falling to 4.11%. The market had been under pressure since Powell last week suggested policymakers would take a cautious approach to further rate ...