Treasury Curve Signals Disappointment With Bullard’s Message
- Bullard sends one-and-done view market didn’t like: Farren
- 2s10s yield spread has flattest close since last year
James Bullard
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Federal Reserve Bank of St. Louis President James Bullard flashed a signal on the prospect of future rate cuts that one part of the Treasuries market apparently didn’t like.
A voter on the Federal Open Market Committee this year, Bullard said he liked Chairman Jerome Powell’s comparison of the July 31 quarter-point rate cut to a midcycle adjustment. As Bullard went on to say that he’s not seeing yield-curve inversion intensifying so far, one widely followed segment flattened further.