San Francisco Fed President Mary Daly said the recent bond selloff does not appear to be a monetary-policy problem, arguing the US Treasury market suggests policy is in a good place. Her comments were aimed at interpreting current moves in yields rather than announcing any new policy action. Market impact is likely limited, but could temper near-term rate-anxiety among traders.
San Francisco Fed President Mary Daly said the recent bond selloff does not appear to be a monetary-policy problem, arguing the US Treasury market suggests policy is in a good place. Her comments were aimed at interpreting current moves in yields rather than announcing any new policy action. Market impact is likely limited, but could temper near-term rate-anxiety among traders.
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