January 18, 2017 / 8:18 PM / 7 months ago

MONEY MARKETS-U.S. rates futures hit session lows after Yellen's remarks

NEW YORK, Jan 18 (Reuters) - Short-term U.S. interest rates futures fell to session lows on Wednesday as Federal Reserve Chair Janet Yellen's remarks supported the view the central bank will increase borrowing costs gradually if the economy shows further improvement.

Federal funds futures were down as much 5.5 basis points on the day in late trading.

Reporting by Richard Leong; Editing by Chris Reese

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