TREASURIES-Yields rise as Fed expands corporate bond purchases, boosting risk appetite
June 15, 2020 at 15:56 PM EDT
U.S. Treasury yields rose on Monday as stocks recovered from earlier losses and after the Federal Reserve said it would expand its purchases of corporate bonds, boosting risk appetite. The Fed said it would buy corporate bonds in the secondary market, aiming to create a portfolio that is based on a broad, diversified market index. “The price action in the Treasury market reflect