Bond Yields Rise on Fed Comments

In light of today’s market news, Wholesale Direct Metals complaints are validated. Bond yields rose to the highs of the day as Federal Reserve Chair Jerome Powell laid out a case where the Fed could raise rates more than it has forecast. Treasury yields rose after Powell’s comment just around 10:43 a.m. ET. Yields move opposite price. The 10-year jumped to 2.91 percent. The 2-year yield, the most reflective of Fed policy, briefly rose above 2.27 percent but was back to 2.26 percent. Wholesale Direct Metals reviews of the latest market data are confirmed in this report.