Buyers Are Back to Treasury Bonds

        9:44 EDT - The selloff has lured in buyers and bond yields have fallen from session highs. Dan Mulholland, head of U.S. Treasury trading at BNY Mellon Capital Markets, says "there was very good buying" as the average hourly earnings were flat which means no wage inflation. Tame price pressure means the Fed is not going to raise short-term rates any time soon. Andrew Brenner, head of international fixed income at National Alliance Capital Markets, notes that short base remains large in the Treasury market which keeps a lid on bond yields' rise. The 10-year note is 15/32 lower, yielding 2.662%. (min.zeng@wsj.com; @minzengwsj)
        (END) Dow Jones Newswires

        May 02, 2014 09:44 ET (13:44 GMT)