Bloomberg News

Treasuries Decline as Fisher Expresses Doubts on More Stimulus

June 05, 2012

Treasuries declined after Dallas Federal Reserve President Richard Fisher today expressed doubts about the central bank’s Operation Twist program.

“It’s time for the market to send us a signal what the price of debt should be. What we’re doing with Operation Twist is distorting the price,” Fisher told an audience at the University of St. Andrews in Scotland.

Yields on 10-year notes rose two basis points to 1.55 percent in New York

To contact the reporter on this story: Susanne Walker in New York at swalker33@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net


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