HeadlinesBriefing favicon HeadlinesBriefing.com

Warsh Moves Drive Treasury Yield Curve Swings

Bloomberg Markets •
×

Federal Reserve Chairman Kevin Warsh has signaled that he wants bond investors to react to underlying changes in the US economy rather than commentary from the central bank. So far, they’re doing the opposite. Since he became chairman in May, the three largest daily moves in the US Treasuries yield curve have followed his appearances: after his two post-policy meeting press conferences, in June and July; and now after his speech at the Fed’s annual conference in Jackson Hole, Wyoming.