Treasuries Extend Gains After Fed Less Hawkish Than Feared

(Bloomberg) -- Treasury yields fell, with the US two-year benchmark tumbling sharply below 5%, after Federal Reserve Chair Jerome Powell said the current stance of policy is “sufficiently restrictive” and downplayed a future rate hike amid sticky inflation pressure.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protest

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