Connect with us

Hi, what are you looking for?

News

Treasury Yields Rise After Biden Taps Powell for Second Term

Treasury Yields Rise After Biden Taps Powell for Second Term

Yields on U.S. government bonds rose and market-based inflation expectations fell Monday as the prospect of a second term for Federal Reserve Chairman Jerome Powell reinforced bets that the central bank will fight inflation by raising interest rates in the coming years.

Yields, which rise when bond prices fall, had already climbed overnight. But they added to that move in the morning after the White House said President Biden would nominate Federal Reserve Chairman Jerome Powell for a second term leading the central bank. Analysts said the decision was largely expected, but not entirely priced in, by the bond market.

You May Also Like

News

A member of Pakistan’s parliament, Sania Ashiq Jabeen was born in Lahore and raised there. She studied at the National College for Drug Administration...

Lifestyle

SINGAPORE – For four decades, Japanese singer and actress Seiko Matsuda has built a following across Asia through a non-stop output of albums, television...

Politics

Almost every April since 1972, the Hash Bash has been held on the Diag of the University of Michigan campus, a free speech event...

News

Grief and joy coexist during Dia de Los Muertos, but Flo Hernandez-Ramos chooses to focus on the celebration every Nov. 2. DENVER — The...