Ten year bond yields are back up to 2.72% overnight as new Fed chair Yellen sang the same tune as her predecessor Bernanke at her first testimony

Ten year bond yields are back up to 2.72% overnight as new Fed chair Yellen sang the same tune as her predecessor Bernanke at her first testimony. Bloomberg: 'A sharp slowdown in jobs growth over the past two months had some investors wondering whether the Fed might put the wind-down of its bond-buying program on hold. We have to be very careful not to jump to conclusions in interpreting what those reports mean, Yellen said. She said unusually cold winter weather may have impacted the data. It's very obvious she is working from the same playbook as Bernanke, said Tom Porcelli, chief U.S. economist at RBC Capital Markets in New York. The Fed will continue to cut its bond purchases by $10 billion at each policy meeting the rest of the year. More here: (VIEW LINK)


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