Bond Markets Give Yippy Vibes Just as Kevin Warsh Is Set to Become Fed Chair
A selloff in US Treasuries has taken some yields to their highest in years.
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I’m Chris Anstey, senior economics editor in Boston, and today we’re looking at the unwelcome bond-market backdrop for the Federal Reserve’s changeover in leadership. end us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
A selloff in US Treasuries that’s taken some yields to their highest in years may have little direct connection with the impending change in Federal Reserve leaders. But that hasn’t stopped a budding narrative that markets are “testing” the incoming chair, Kevin Warsh.