 The side effect of this is to reward investors who've wagered the bond market will return to normal after an unusual stretch when short-term yields exceeded those on long-term debt. On Monday, in the wake of the weekend's assassination attempt on Trump, the yield on 30-year Treasury surpassed the rate on two-year notes for the first time since the end of January. Jerome Powell says recent data has provided policymakers with more confidence that inflation is heading towards the Fed's 2% goal.