MW: Treasurys improve, dollar down after Fed's Yellen
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices improved on Monday and the pressure on the U.S. dollar persisted after San Francisco Federal Reserve President Janet Yellen said that she does not support any increase in the Fed's zero interest rate policy given her outlook for a sluggish economy, persistent high unemployment and low inflation risks. Yields on 10-year notes (UST10Y 3.78, +0.01, +0.32%) , which move inversely to prices, were little changed at 3.78%. Yields on 2-year notes (UST2YR 0.89, -0.03, -3.06%) fell 4 basis points to 0.88%. The dollar index (DXY 80.55, +0.01, +0.01%) , which tracks the greenback against a trade-weighted basket of six major currencies, pared an earlier loss to trade at 80.563, from 80.617 late Friday.
