Make Kitco Your Homepage

Fed's Bullard: Not particularly worried by rise in Treasury yields

Kitco News

(Reuters) - The recent run up in yields on longer-dated U.S. Treasury securities reflects improving expectations for the U.S. 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 1.61% on Friday - is just returning to the level consistent with the six months before the pandemic, he said, characterizing it as ”still quite low level of yields."

Echoing Fed Chair Jerome Powell's comments from a day earlier, Bullard said he would be concerned by disorderly behavior in the Treasury market. ”Something panicky would catch my attention, but we're not at that point."

Reporting By Dan Burns; Editing by Chizu Nomiyama

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.