TREASURIES-U.S. yields pare rise as Powell says Fed will act “as appropriate”

TREASURIES-U.S. yields pare rise as Powell says Fed will act “as appropriate”

U.S. Treasury yields briefly
trimmed their increase on Tuesday as Federal Reserve Chairman
Jerome Powell said the U.S. central bank will respond “as
appropriate” to the risks posed by a global trade war and other
recent developments, opening the door to the possibility of a
rate cut.