2-year Treasury yield ends at lowest level in four months after comments by Fed’s Waller

The 2-year Treasury yield finished at a four-month low on Tuesday after a Federal Reserve official said the U.S. economy is positioned for a slowdown that helps get inflation to 2%.

What happened

What drove markets

Yields fell on Tuesday after Fed Gov. Chris Waller said a slowing U.S. economy could help return inflation to the central bank’s 2% target. Even so, he said more evidence is needed.

A…