Yields fall after Fed official speaks

The ten-year Treasury yield fell four basis points to five point two three seven percent on Thursday after reaching its highest level since two thousand two this week.

Waller: more hikes needed but not rushed

Fed Governor Christopher Waller said more rate increases are needed to bring inflation down after around five and a half years above the central bank's two percent target, but suggested rates did not need to rise immediately.

“The hikes do not need to come at consecutive meetings. But they should be in place in an acceptable period of time.”

Thirty-year auction draws strong demand

The Treasury sold twenty two billion dollars in thirty-year paper with indirect bidders, including central banks, taking seventy two point three percent of the sale, above a ten-auction average of sixty eight percent.

Long-dated yields pull back on auction

The thirty-year Treasury bond yield fell nearly five basis points to five point six one four percent after trading around a twenty four-year high recently, with the auction yield at five point six one eight percent.