Treasury yields reached highest level in 15 months following Fed comments

Source: Bloomberg
Treasuries dropped for the fourth day, with the 10-year bond yield jumping to the highest level in 15 months, after the Federal Reserve Chairman Ben Bernanke said that officials could end asset purchases in 2014. The yield on the benchmark 10-year bonds advanced to 2.37%. The price of 1.75% bond maturing in May 2023 declined and was at 94 19/32.

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