Robert Perli is the New York Federal Reserve official responsible for implementing monetary policy:
- says the Treasury market is functioning smoothly, no dysfunction
- the U.S. bond market is
functioning well amid recent volatility - rising yields are
being driven more by uncertainty over the economic outlook as
opposed to shifting views of monetary policy
His comments come from prepared remarks for a
speech at a conference.
This article was written by Eamonn Sheridan at www.forexlive.com. Source