Jackson Hole symposium

Treasury selloff drives key 5-year yield to highest since 2008

by
Treasury selloff drives key 5-year yield to highest since 2008

The US bond market was hit by a fresh round of selling after Federal Reserve Chair Jerome Powell said the central bank remains prepared to push interest rates higher if needed to keep reining in inflation.While Treasuries were little changed during Powell’s long-awaited speech in Jackson Hole, Wyoming, yields pushed up after it concluded as … Read more

For Fed taper, forget when it starts. The end matters more

by
For Fed taper, forget when it starts. The end matters more

By Liz Capo McCormick These days, all the talk in financial markets is about when the Federal Reserve will start paring its debt purchases. What’s more important, for everything from stocks to bonds to currencies, is when they will end. There have been few major moves ahead of the Kansas Fed’s virtual Jackson Hole symposium, … Read more