Fed's Hawkish Stance Boosts Treasury Yields and USDJPY.

1 min read
Source: The Wall Street Journal
Fed's Hawkish Stance Boosts Treasury Yields and USDJPY.
Photo: The Wall Street Journal
TL;DR Summary

Treasury yields rebounded after the Federal Reserve signaled that it may raise interest rates sooner than expected due to a stronger economic outlook. The central bank also indicated that it may begin tapering its bond-buying program later this year. The news caused a sell-off in the bond market, with yields on the benchmark 10-year Treasury note rising to their highest level since June.

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