Fri, 12 Jul 2013 07:35:08 GMT
Treasuries rise after Bernanke's speech
Treasuries gained, heading towards the biggest weekly drop in yields in 13 months after the Fed indicated that it will not taper its monetary stimulus. The yield on 10-year Treasuries dropped 1 basis point to 2.56% so far today, while it decreased 18 basis points this week, the biggest decrease since June 1, 2012. Treasuries have lost 3.6% this year.