- FED'S YELLEN SAYS CASE FOR INTEREST RATE INCREASE HAS STRENGTHENED IN RECENT MONTHS
- YELLEN SAYS GRADUAL RATE HIKES OVER TIME ARE 'APPROPRIATE'
- YELLEN SAYS U.S. ECONOMY NEARING FED'S EMPLOYMENT, INFLATION GOALS
- YELLEN SAYS FED EXPECTS INFLATION TO RISE TO 2 PERCENT GOAL IN NEXT FEW YEARS
- YELLEN SAYS FED'S MONETARY POLICY IS NOT ON PRESET COURSE, DEPENDS ON DATA
- YELLEN SAYS RANGE OF POSSIBLE RATE HIKE PATH IS WIDE, SHOCKS COULD CHANGE PATH
- YELLEN SAYS FED EXPECTS MODERATE U.S. GDP GROWTH, FURTHER LABOR MARKET STRENGTHENING
- YELLEN SAYS FORWARD GUIDANCE, BOND PURCHASES WILL REMAIN KEY PART OF FED'S TOOLKIT
- YELLEN SAYS FED IN FUTURE MAY WISH TO EXPLORE BUYING WIDER RANGE OF ASSETS TO DEAL WITH DOWNTURNS
- YELLEN SAYS POTENTIALLY RAISING FED'S INFLATION TARGET, GDP TARGETING ARE ALSO IMPORTANT RESEARCH TOPICS
Bond markets have had a nice bounce so far at the upper end of the range and 10yr yields are already back down into the 1.58's. Be careful, however, because this sort of bounce CAN turn out to be a quick correction before more selling. That said, there is a definite possibility that the initial move was a knee jerk and bonds are simply opting to remain in the same old range.
Markets are focused on the first wire (case for hike strengthening, etc.). But to be fair, we already knew that. She's merely acknowledging things that are old news.
