NEW YORK (TheStreet) -- U.S. Treasury bonds were reversing earlier losses after a key Federal Reserve policy maker reaffirmed the central bank's intention to follow through on stimulus plans, despite more signs that the economy has recovered.
The two-year note firmed 1/32, with the yield falling to 0.821%. The ten-year note was ticking 0/32 higher, with the yield pushed down to 3.468% and the 30-year bond increased 3/32, lowering the yield to 4.505%.
The Federal Reserve Bank of New York President, William C. Dudley, told the press, during a visit to San Juan, Puerto Rico, that the central bank still plans follow through with its $600 billion treasury-buying program.
Dudley said the program, expected to conclude at the end of June, was still necessary because of the shaky economic recovery. The policy maker spoke after a strong jobs report was published Friday.
Natural gas futures tumbled Friday on milder weather. Natural gas for May delivery fell 2% to $4.30 per million British thermal units, breaking a two-day winning streak.
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