" on Thursday that while Treasury yields were still much lower than earlier in the year, his firm believed yields would continue to rise going forward.
He said this would both be driven by the global economic reopening in the recovery from the pandemic and a Fed that is starting to think about tapering asset purchases "at some point down the road." By downplaying certain central bank members' forecasts, Griffiths said Powell looked to be taking "off the gas of the accommodation" peddle and it seemed that he was doing "everything he can to make that as gradual a process as possible."
In terms of data due out on Thursday, the number of weekly jobless claims filed the week ended June 12, is set to be released at 8:30 a.m. ET. Auctions are scheduled to be held Thursday for $40 billion of 4-week bills, $40 billion of 8-week bills and $16 billion of 5-year Treasury inflation-protected securities.
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