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US Treasury yields rise on Powell remarks

Treasury yields rose on Thursday following fresh remarks from Federal Reserve Chairman Jerome Powell saying he expects inflation to pick up temporarily.

The Fed chief also said that policymakers are monitoring the rise in bond yields. "I would be concerned by disorderly conditions in markets or persistent tightening in financial conditions that threaten the achievement of our goals," he stated.

The yield on the benchmark 10-year Treasury note jumped 6 basis points to 1.545% at 1:09 pm ET, while the yield on the 30-year Treasury bond climbed 4.1 basis points to 2.321% a minute later.

Breaking the News / JC