tweet at 8:02am: YELLEN SAYS I SEE A PATH TO BRINGING DOWN INFLATION WHILE MAINTAINING STRONG LABOR MARKET -CNBC INTERVIEW YELLEN: SEEING SOME SIGNS OF EASING IN LABOR MARKET tweet at 8:05am: US Treasury Sec Yellen: Will Continue To See Progress W/Inflation In Next 2 Yrs tweet at 8:05am: TREASURY EXPECTS CASH PILE TO BE AROUND $425 BLN AT END OF JUNE. tweet at 8:07am: TREASURY SEES CASH PILE RISING MORE IN JULY, AND FALLING IN AUGUST.
The Treasury market restored the full pricing of Federal Reserve tightening by July, which would be the last interest-rate hike in 2023. The latest shift in expectations for Fed policy was accompanied by a slide bonds, with the yields on two- and five-year Treasuries up at least 11 basis points. Selling picked up after the Bank of Canada cited stubborn ...