US Treasury yields are climbing following the release of Fed Chair Janet Yellen's prepared remarks for her semiannual Humphrey-Hawkins testimony.
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Treasury yields jump after Yellen says waiting too long to tighten would be 'unwise' (TLT, TBT)
Yields are up as much as 6 bps.
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In her statement, Yellen noted that "
- 2-year
- 3-year
- 5-year
- 7-year
- 10-year
- 30-year
Treasury yields rallied sharply following the election on the prospects that President Trump's policies would bring back inflation to the United States and that the Fed could be more hawkish than initially thought. At its December meeting, the central bank said it could hike rates three times in 2017 versus its previous outlook of two. Selling ran longer dated yields up as much as 80
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Selling ran longer dated yields up as much as 80 bps at the long end of the curve. Yields have spent the past three months stuck in a tight range, and are moving back towards the upper end of those boundaries.
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