Treasurys erased losses after Federal Reserve Chairman Ben Bernanke eased concern that policymakers are moving closer to ending asset purchases sooner than most investors expect, Bloomberg reports.
Yields (USGG10YR) had climbed after minutes of the Fed’s June meeting showed about half of officials indicated it would be would be appropriate to end bond buying late this year.
"Bernanke didn’t indicate tapering is happening sooner than expected, which has brought the market somewhat off the low," said Larry Milstein, managing director in New York of government-debt trading at R.W. Pressprich & Co. "It’s all still a wait and see approach."Sponsor Content