Yields for U.S. government debt on Monday were headed higher to kick off the week of Thanksgiving trading, with Treasury markets closed on Thursday in observance of the holiday and due to be cut short Friday. Some market participants attributed to rise in yields to comments from the Fed’s No. 2.
On Friday afternoon, Federal Reserve Vice Chairman Richard Clarida said, speaking at an event hosted by the San Franciso Fed, that it “may very well be appropriate” to discuss accelerating the Fed’s tapering of asset purchases when it convenes its final meeting of 2021 next month. The decision on the Fed boss is expected to occur before Thanksgiving, with Biden scheduled to deliver a speech on the state of the economy at the White House on Tuesday.
Source: Digital Coin News (digitalcoinnews.net)
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