January 4, 2019 / 4:23 PM / 3 months ago

Treasury yields rise with stocks as Fed Chair Powell speaks

NEW YORK, Jan 4 (Reuters) - Treasury yields rose on the back of U.S. equities, which hit a session high as Federal Reserve Chair Jerome Powell struck a dovish tone when speaking on an American Economic Association conference panel on Friday.

Powell’s remark that the Fed would adjust its rate-hiking policy if economic conditions demanded it sent investors into riskier assets, benefiting stocks and lowering Treasury prices. (Reporting by Kate Duguid Editing by Chizu Nomiyama)

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