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Steeper and higher: U.S. bond tantrum averted, but worries remain

Sumary of Steeper and higher: U.S. bond tantrum averted, but worries remain:

  • REUTERS/Lucas Jackson This is especially true if the United States continues to outpace most of the world in its rebound from last year COVID-19 fueled economic decline…
  • Fed Chair Jerome Powell on Wednesday pledged to keep rates at record lows for years to come, despite expectations of a sharp acceleration in growth and inflation this year as the COVID-19 crisis ebbs…
  • The dovish comments sent yields on the benchmark 10-year Treasury note, which move inversely to bond prices, down from the 13-month high touched earlier in the session to close at 1.6462%…
  • In 2013 this occurred after then-Fed Chair Ben Bernanke told lawmakers the Fed could reduce its pace of purchases of assets that had been propping markets….

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