ANL 34.52 Increased By ▲ 0.67 (1.98%)
ASC 15.16 Increased By ▲ 0.26 (1.74%)
ASL 24.83 Increased By ▲ 0.32 (1.31%)
AVN 95.00 Increased By ▲ 3.86 (4.24%)
BOP 7.87 Decreased By ▼ -0.07 (-0.88%)
BYCO 10.31 Increased By ▲ 0.53 (5.42%)
DGKC 126.60 Increased By ▲ 1.85 (1.48%)
EPCL 57.16 Increased By ▲ 1.91 (3.46%)
FCCL 24.50 Increased By ▲ 0.09 (0.37%)
FFBL 27.96 Increased By ▲ 0.01 (0.04%)
FFL 16.04 Increased By ▲ 1.14 (7.65%)
HASCOL 10.02 Increased By ▲ 0.28 (2.87%)
HUBC 80.00 Increased By ▲ 0.83 (1.05%)
HUMNL 6.45 Increased By ▲ 0.21 (3.37%)
JSCL 20.41 Increased By ▲ 0.50 (2.51%)
KAPCO 40.94 Increased By ▲ 0.69 (1.71%)
KEL 3.87 Increased By ▲ 0.02 (0.52%)
LOTCHEM 17.24 Increased By ▲ 0.54 (3.23%)
MLCF 46.91 Increased By ▲ 1.17 (2.56%)
PAEL 36.17 Increased By ▲ 2.69 (8.03%)
PIBTL 10.49 Increased By ▲ 0.19 (1.84%)
POWER 9.35 Increased By ▲ 0.15 (1.63%)
PPL 85.74 Increased By ▲ 0.16 (0.19%)
PRL 25.71 Increased By ▲ 1.21 (4.94%)
PTC 9.45 No Change ▼ 0.00 (0%)
SILK 1.17 Decreased By ▼ -0.09 (-7.14%)
SNGP 39.36 Increased By ▲ 0.10 (0.25%)
TRG 159.61 Increased By ▲ 11.13 (7.5%)
UNITY 30.75 Increased By ▲ 1.12 (3.78%)
WTL 1.43 Increased By ▲ 0.23 (19.17%)
BR100 4,852 Increased By ▲ 65.72 (1.37%)
BR30 25,671 Increased By ▲ 690.82 (2.77%)
KSE100 45,186 Increased By ▲ 445.12 (0.99%)
KSE30 18,485 Increased By ▲ 152.7 (0.83%)

Coronavirus
VERY HIGH
Pakistan Deaths
15,443
11424hr
Pakistan Cases
721,018
505024hr
Sindh
268,750
Punjab
248,438
Balochistan
20,241
Islamabad
65,700
KPK
98,301

imageNEW YORK: US Treasury yields fell on Friday, extending the previous day's declines after the Federal Reserve kept interest rates unchanged Thursday and doubts grew as to whether it would tighten policy at all this year.

The Fed held off on a move in a bow to worries about the global economy, financial market volatility and sluggish inflation at home.

But it left open the possibility of a modest policy tightening later this year.

Analysts said the Fed's message was dovish. US two-, five-, and seven-year note yields hit their lowest levels in over three weeks Friday of 0.66 percent, 1.43 percent, and 1.83 percent, respectively, while benchmark 10-year yields hit their lowest in a week-and-a-half at 2.13 percent. Three-year yields hit their lowest in two weeks at 0.96 percent.

"The market is doubting whether or not the Fed is going to hike rates in December," said Marc Bushallow, director of fixed income at Manning & Napier in Rochester, New York. Yields on US Treasuries maturing between 2-30 years were on track to post modest declines for the week.

In early US trading, federal funds futures implied traders see a 42 percent chance the Fed would raise rates in December and a 52 percent chance it would normalize rate policy in January.

Yellen explicitly noted Thursday that the central bank was focusing on the slowdown in China and emerging markets, saying one key issue is whether there might be a risk of a more abrupt slowdown in China.

Analysts said the low likelihood that overseas economies would improve significantly between now and December made it less probable that the Fed would hike rates this year.

The declines in longer-dated yields also showed a flight to safety, said Krishna Memani, chief investment officer at OppenheimerFunds in New York.

He said that uncertainty over the timing of the Fed's rate liftoff would remain for longer given the Fed's decision to delay, resulting in a riskier investing environment and greater demand for safe-haven Treasuries.

US 30-year Treasury bonds were last up 2-3/32 in price to yield 2.93 percent, from a yield of 3.04 percent late Thursday. Benchmark 10-year notes were last up 25/32 in price to yield 2.13 percent, from a yield of 2.22 percent late Thursday.

Two-year notes were last up 1/32 in price to yield 0.68 percent, from a yield of 0.70 percent late Thursday.

Copyright Reuters, 2015