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MNI BRIEF: Fed's Brainard Says Watching Yield Spike Closely

(MNI) WASHINGTON
WASHINGTON (MNI)

Fed Governor Lael Brainard said Tuesday she's paying "close attention to market developments" including the spike in 10-year Treasury yields last week.

"Some of those moves and the speed of the moves caught my eye," Brainard said. "I would be concerned if I saw disorderly conditions or persistent tightening in financial conditions that could slow progress toward our goals."

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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