NEW YORK Jan 4 U.S. Treasury debt yields
drifted lower on Wednesday after the minutes of the last Federal
Reserve monetary policy meeting struck a more uncertain tone
than the market expected.
The minutes of the Dec. 13-14 meeting showed many were
considering faster interest rate increases as the economy could
grow at a quicker pace because of fiscal stimulus under
President-elect Donald Trump's administration.
At the same time, the minutes also spelled out the downside
risks which could limit economic growth such as trade barriers
and the dollar's rise.
In mid-afternoon trading, the U.S. 10-year note
was flat in price to yield 2.451 percent, compared with 2.454
percent late on Tuesday.
U.S. 30-year bond prices were up 1/32, yielding 3.048
percent, down from Tuesday's 3.05 percent.
Both U.S. 10-year note and 30-year bond yields touched
session lows after the release of the Fed minutes.
U.S. two-year note prices were flat, yielding 1.230 percent
. The yield was at 1.234 percent before the Fed
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Alan Crosby)