Central Banks
What Fed Officials Are Saying About Rising Bond Yields
- Here’s what eight central bankers have said on market moves
- Treasury yields have surged, tightening financial conditions
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Federal Reserve officials are grappling with a run-up in bond yields since they last met in September that could obviate the need for further interest-rate hikes — and also threatens to derail a soft landing.
After signaling one more rate hike was likely this year, policymakers in recent days have said the path is less clear, as they parse the reasons behind a surge in US 10-year Treasury yields that has led to tighter financial conditions. In the meantime, several officials have suggested the US central bank can hold off on raising rates at their next gathering on Oct. 31-Nov. 1, remarks that bond markets cheered.