Dollar and treasury yields rise on hawkish Yellen speech

Does not want to 'wait to long' on rates

Tom Eckett
clock
Dollar and treasury yields rise on hawkish Yellen speech

Federal Reserve chair Janet Yellen gave a boost to the dollar and sent treasury yields higher as she signalled a rate hike in March could be more likely than investors were expecting.

Speaking to Congress, Yellen (pictured) said it would be "unwise" to wait too long before raising US interest rates once again, though she stressed increases would be made at a slow pace, as previously...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Trustpilot