Turkey's parliament approved regulation this week governing the interest-free funding market for housing, clearing the way for a possible boom in a system that has already drawn around 300,000 customers keen to avoid sky-high interest rates.
Democrats in the U.S. Senate said Friday they had resolved their differences over unemployment aid in President Joe Biden's $1.9 trillion COVID-19 aid bill, enabling them to move forward with the sweeping package after hours of delay.
A late rally in Chinese shares on Friday helped pull Asian stocks off one-month lows as investors picked bargains while attention shifted to U.S. non-farm payrolls due later in the day.
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FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su
(Reuters) - The recent run-up in yields on longer-dated U.S. Treasury securities reflects improving expectations for the economy, St. Louis Federal Reserve President James Bullard said on Friday, adding that he is not eyeing a specific level of yields that might concern him.
The 10-year U.S. Treasury note yield - which rose above 1.62% on Friday before falling back to about 1.55% - is just returning to the level consistent with the six months before the coronavirus pandemic, Bullard said in an interview on SiriusXM Radio, characterizing it as “still quite a low level of yields.”