Speculators turned net bearish on U.S. 10-year Treasury note futures in the latest week after Federal Reserve Chair Janet Yellen signaled the central bank would raise interest rates gradually, according to Commodity Futures Trading Commission data released on Friday. "Given the risks to the outlook, I consider it appropriate for the Committee to proceed cautiously in adjusting policy," Yellen said of the Fed's policy-setting Federal Open Market Committee on Tuesday.
Her remarks to the Economic Club of New York led some traders to bet the Fed might allow inflation to run above the Fed's 2-percent goal. If it were so, this would make longer-dated Treasuries less profitable because higher inflation would erode their return. The amount of speculators' bearish, or s...
15:11 Apple's Most Popular Apps of 201612
12:34 Ikea to Offer Expanded Parental Leave to All 13,000 Employees11
03:17 Yankees Have Their Limits in Pursuing a Closer, Brian Cashman Says14
20:33 The Late David Bowie Was Just Nominated For British Artist Of The Year At The 2016 BBC Music Awards!14