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Fed’s Hammack Says Yields Reflect Growth, US Debt and Rate Path

Source: Bloomberg

Interest Rates & YieldsMonetary PolicySovereign Debt & RatingsEconomic Data

Cleveland Fed President Beth Hammack said higher long-term Treasury yields reflect a stronger US growth outlook, government-debt concerns and expectations for further Federal Reserve rate increases. The remarks reinforce a hawkish rates backdrop, with elevated long-dated borrowing costs potentially tightening financial conditions.

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