Treasury yields drop as Fed says it’s in no rush to hike rates

Treasury yields wiped out about half of Tuesday’s gains, plummeting after minutes from the Federal Reserve’s January meeting suggested that the central bank is in no rush to begin raising interest rates.
The yield on the 10-year note TMUBMUSD10Y, -3.07%  slipped 6.3 basis point to 2.080%, according to data from Tradeweb. The yield on the two-year note TMUBMUSD02Y, -10.66%  shed 6.9 basis points to 0.605%.
Yields move inversely to prices.
As the minutes showed, many on the Federal Open Markets Committee are concerned that weak wage growth could continue to weigh on spending, and officials agreed that policy should stay data-dependent, according to the minutes. (more)

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