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Atlanta Fed s Bostic says not worried about rise in bond yields with rates still comparatively low
By Reuters Staff
1 Min Read
FILE PHOTO: Raphael Bostic, President of the Federal Reserve Bank of Atlanta, poses for a photo in Knoxville, Tennessee, U.S., March 23, 2018. REUTERS/Ann Saphir
WASHINGTON (Reuters) - Bond yields remain comparatively low despite a recent increase, and the Federal Reserve does not need to do anything to address the recent uptick, Atlanta Fed President Raphael Bostic said Thursday.
“Right now I am not worried about that. . We will keep an eye out. . I am not expecting that we will need to respond at this point in terms of our policy,” Bostic said.
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U.S. government bonds just staged epic yield climbs.What’s next? MarketWatch 2/26/2021
BOND REPORT
U.S. Treasury yields saw a steady rise in rates ignited into a surge on Thursday, putting government debt across the curve on track to mark their biggest weekly yield moves in months and in some cases years.
What are Treasurys doing?
The 10-year Treasury note yield rose 12.5 basis points to a 52-week high at 1.513%, based on a 3 p.m. Eastern close, marking the largest yield jump since Nov. 9. The 10-year briefly touched an intraday peak around 1.539%.
The 30-year bond yieldBX:TMUBMUSD30Y gained 6.1 basis points to 2.303% to notch its own 52-week peak amid six straight days of gains.
Fed s Bostic: Not worried about rise in bond yields forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.