Name: Treasury yields mixed after Fed Chair Powell says inflation is still 'soft'
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Treasury yields mixed after Fed Chair Powell says inflation is still 'soft'

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Key PointsU.S. Treasury yields struggled to find a direction on Tuesday after Fed Chair Jerome Powell indicated that the central bank was not moving toward changing its dovish policy stance.The yield on the benchmark fell to 1.353%, while the yield on the climbed to 2.19%. Yields move inversely to prices.5 hours agoPowell began his hearing with Senators at 10 a.m. ET. While the semiannual testimonies are normally nonevents for the market, will likely be closely watched for how he views the recent run-up in bond yields and for any comments on inflation.The Fed chief said in that ""The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved." Yields traded higher briefly after the remarks were released before settling back near the flat line as Powell's hearing continued.Additionally, December data for the S&amp;P CoreLogic Case-Schiller home price index showed the .Auctions were held Tuesday for $34 billion of 52-week bills, $30 billion of 42-day bills and $60 billion of 2-year notes.— CNBC's Jeff Cox contributed to this report.

Key PointsU.S. Treasury yields struggled to find a direction on Tuesday after Fed Chair Jerome Powell indicated that the central bank was not moving toward changing its dovish policy stance.The yield on the benchmark fell to 1.353%, while the yield on the climbed to 2.19%. Yields move inversely to prices.5 hours agoPowell began his hearing with Senators at 10 a.m. ET. While the semiannual testimonies are normally nonevents for the market, will likely be closely watched for how he views the recent run-up in bond yields and for any comments on inflation.The Fed chief said in that ""The...

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Treasury yields mixed after Fed Chair Powell says inflation is still 'soft'

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