Quotes from the news wire:
She was actually asked about the growing share of government spending to GDP and she was asked a very economist question and she answered in a very economist way, where interest rates to yields might have to rise a little bit for the reallocation of resources and the market read that as rates will have to rise, but I think they’ve already risen. They’ve gone from 1% to where we are now, so it’s certainly quite a bit already.
For the most part, the specter of trade wars is still really weighing on risk here and that's what's keeping Treasuries better bid.
Found on Reuters 5 years ago
The remarks from last week from central bankers and the ISM data from today help continue to pressure rates higher, and if we do get a solid number on Friday, that could keep the sell-off going.
Found on Reuters 6 years ago
Market pricing for upcoming rate hikes is certainly being supported by the stronger April personal income and spending numbers this morning, if the Fed is really data-dependent and looking at growth momentum, these numbers would do very well for GDP (gross domestic product) tracking and that's helping push yields higher.
After such a strong move there are a lot of investors trying to get their bearings on where things go next, we'll see whether Dudley actually lets the higher pricing for June stand or whether he tries to lean against, but it's tough for investors to see where the next move in rates is going without seeing what the remarks from Dudley will be.
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