US 10-year yield hits three-week high as number of Fed speakers highlight inflationary worries
Mumbai, Nov. 13 -- The US treasury yields continued to gain, adding to upside after an elevated US inflation data. The benchmark 10-year Treasury yield broke well above 5% mark and hit three-week high of 5.13% today. Market tracked the latest comments from a number of US Federal Reserve officials yesterday. Cleveland Federal Reserve President Beth Hammack stated that we need to move to a restrictive stance of policy to help bring inflation back down to that 2% objective, which is critically important. Federal Reserve Bank of New York President John Williams said inflation is far too high and that the Fed still needs to do more to bring prices back to its 2% target in a timely and sustained way. Federal Reserve Bank of San Francisco Presid...
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