(Bloomberg) -- Treasury yieldswere in the tightest range in nearly seven years as traders weighed prospects for Federal Reserve bond tapering against concern tension between the U.S. and Russia over Crimea will increase.
The 10-year yield moved in a range of less than two basis points today, the least since April 9, 2007, and averaged 5.8 basis points this year compared with 8.3 points in the past five years. Economists say the Fed will cut monthly bond purchases to $55 billion and end its threshold for a 6.5% jobless rate for when it will raise interest rates, according to Bloomberg surveys. Western leaders vowed further sanctions on Russia after President Vladimir Putin set in motion Crimeas accession.
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