Short-dated Treasury yields tip higher after Fischer's resignation

Short-dated Treasury yields rose slightly after Stanley Fischer announced that he would resign from his position as Federal Reserve vice chairman for personal reasons. Considered a centrist on monetary policy, he was touted as one of the three most influential members of the Fed's rate-setting committee, including Fed Chairwoman Janet Yellen and New York Fed President William Dudley. The 2-year Treasury note yield was up 1.4 basis point to 1.306%, from 1.292% in the previous session. The 10-year Treasury note yield was virtually unchanged at 2.070%. Likewise, the 30-year bond yield was mostly flat at 2.686%.

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