Jul 8, 2019
U.S. government debt yields fell on Monday as investors looked ahead to Federal Reserve Chairman Jerome Powell’s testimony on Capitol Hill later in the week.
The leader of the U.S. central bank is scheduled to speak before the House Financial Services Committee Wednesday and the Senate Banking Committee on Thursday.
The yield on the benchmark 10-year Treasury note fell to 2.02%, while the yield on the short-term 2-year Treasury note rate inched lower to 1.858%. Bond yields move inversely to prices.
With this in mind, CFOs and Corporate Treasurers may be interested in this testimony to gain a better understanding of how Treasury Yields may impact their business.
Please see the attached file for more information on Powell's testimony.