U.S. ECONOMICS: Bonds Shrug Off Fed President George's Comments That Taper Was Necessary
Showing an impressive amount of resiliency, the U.S. Treasury market doesn't seem to be too concerned by Kansas City Fed President Esther George's comment that the Fed's decision not to taper might have been short-sighted.
But given that George is notoriously hawkish and the sole dissenting voter, her surprisingly candid (and rather critical) comments about the decision taken by the FOMC this week shouldn't be seen as much of a bombshell.
Currently, the 10 year note continues to trade near its intra-day yield low of 2.73%, 4 basis points lower than Thursday's close.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.