- Cleveland Fed President Beth Hammack said long-term Treasury yields are rising on a stronger growth outlook, concerns about government debt, and expectations for additional interest-rate increases from the US central bank.
- The remarks frame the long end of the curve as a function of growth, fiscal supply and the expected policy path rather than a single driver.
Quotes
“long-term Treasury yields are being driven higher by a stronger growth outlook, concerns about government debt and expectations for additional interest-rate increases from the US central bank”