U.S. Treasury yields fell on Thursday morning, despite talk from the Federal Reserve of tapering bond purchases before the end of the year.
Minutes from the Federal Open Market Committee's July policy meeting, released on Wednesday, showed that central bankers were making plans to pull back bond purchases before the end of 2021.
"Looking ahead, most participants noted that, provided that the economy were to evolve broadly as they anticipated, they judged that it could be appropriate to start reducing the pace of asset purchases this year," theHowever, FOMC members stressed that employment had not met the "substantial further progress" benchmark the Fed set before it would consider raising interest rates." on Thursday that he believed that FOMC members were "still data dependent.
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