Federal Reserve's Kashkari Says U.S. Treasury Market is Functioning Normally

Federal Reserve's Kashkari downplayed market concerns over rising U.S. Treasury yields, stating that the market is functioning well and that the recent surge in yields is unlikely to impact discussions on monetary policy. Kashkari noted that the U.S. Treasury market is normal, trading is smooth, and liquidity is ample, making the federal funds rate still the primary tool for lowering inflation. Last week, yields on U.S. Treasuries across various maturities rose, with the benchmark 10-year Treasury yield closing around 4.73%, and the 30-year Treasury yield remaining near its highest level since 2007. Although current Treasury yields are relatively high compared to recent historical levels, they are still below levels seen in the 1990s. Kashkari stated that more data is needed but does not want to prejudge the outcome of the next meeting, believing that inflation is unlikely to fall back to target levels in the short term.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.