Treasury yields fall following Powell renomination

US Treasury yields fell on Tuesday morning, as investors continued to digest the news that Jerome Powell had been re-nominated as Federal Reserve Chair. The yield on the benchmark 10-year Treasury fell less than a basis point to 1.6236%. The yield on the 30-year Treasury fell less than a basis point at 1.9699%. Returns move … Read more

Why the stock market doesn’t seem to mind that the Fed is scaling back stimulus

Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing on Capitol Hill, Washington, December 1, 2020. Drago | pool | Reuters The Fed was able to calm markets with its view that the economy will improve and inflationary pressures will ease, even as it took the first major step away from its … Read more