Bond yields rise as Powell puts paid to tapering
Jerome Powell has helped push Treasury yields higher. NAB’s Gavin Friend says the Fed Chair indicated they would look through any short-term rise in inflation as a reason to cut their bond buying.
Day: January 14, 2021
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THE TWITTERATI
Not much new from the Fed says NAB’s Rodrigo Catril, as they wait to see the impact of vaccine rollouts. Vaccine delays meanwhile are hurting the Euro this morning. https://t.co/mcsZvihWe5