Why Wall Street's Memorial Day Escapade Hinges on Yellen
The Friday before Memorial Day weekend is typically dead on Wall Street. The bond market shuts early and trading in stocks slows to a trickle as everyone hightails it out of town. Not this year. At 1:15 p.m. New York time, just 45 minutes before the world’s biggest bond market is set to go dark for three days, Federal Reserve Chair Janet Yellen is due to speak at an event in Massachusetts that may turn into a crucial moment for investors handicapping the path of interest rates. BlackRock Head of European Fixed Income Michael Krautzberger discusses with "On the Move" hosts Guy Johnson in London and Matt Miller in Berlin.
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