Views Article – Sharenet Wealth

News, North America

Fed’s Evans says bond yield rise reflects expectations for rebound

March 3 (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday said he sees the recent rapid rise in bond yields – which some analysts have suggested could raise alarm bells for the U.S. central bank — as mostly reflecting improvements in the economy.

“The outlook is on a positive trajectory and I think the markets are pricing that in,” Evans told reporters on a call following a talk at the CFA Society Chicago, adding that yields are still below the pre-pandemic 1.75%, and are being held down in part by global demand for safe assets. (Reporting by Ann Saphir)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.