BBUS, page-8945

morning traders. Time to think about those short positions or offset them. US ? Treasuries fell Thursday led by longest maturities after Fed Chair Powell confirmed that monetary policy will seek inflation that averages 2% over time. Yields ended near session highs, which included highest 10- and 30-year yields since mid-June and the 30-year breaching 1.5%. Strong demand for 7-year auction promoted steepening while failing to arrest the selloff. Yields ended cheaper by 0.5bp to 9bp across the curve with long-end-led losses steepening 2s10s by nearly 5bp, 5s30s by more than 6bp; 10-year added more than 5bp to around 0.74%, and 30-year topped 1.50% for first time since June 24.