Reported 1 day ago
In a recent CNBC interview, Treasury Secretary Janet Yellen addressed the rise in U.S. Treasury yields due to unexpectedly strong economic data, which has affected expectations for interest rates. Yellen noted that ten-year Treasury yields reached their highest level since last April and highlighted a normalization in the term premium for long-term securities. She emphasized the importance of responsible fiscal policy management to prevent investor concerns over government debt and hinted at returning to her previous role at the Brookings Institution after her tenure.
Source: YAHOO