Yellen says higher Treasury yields signal recovery, not inflation

imageEconomic Indicators7 minutes ago (Mar 05, 2021 06:50PM ET)

(C) Reuters. FILE PHOTO: Federal Reserve Chairman Janet Yellen speaks during a news conference after a two-day policy meeting, in Washington

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday said higher long-term Treasury debt yields were a sign market participants were anticipating a stronger recovery, not of increased inflation concerns.

“I don’t see that the markets are expecting inflation to rise above the 2% inflation objective that the Fed has as an average inflation rate over the longer run,” Yellen said in a PBS Newshour interview.

She added the United States needs faster job growth than seen during February, but can reach full employment by next year with President Joe Biden’s $1.9 trillion stimulus plan in place.

Yellen says higher Treasury yields signal recovery, not inflation

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Close