Fed’s Hammack Says Yields Reflect Growth, US Debt and Rate Path

Federal Reserve Bank of Cleveland President Beth Hammack said long-term Treasury yields are being driven higher by a stronger growth outlook, concerns about government debt and expectations for additional interest-rate increases from the US central bank.

Federal Reserve Bank of Cleveland President Beth Hammack said long-term Treasury yields are being driven higher by a stronger growth outlook, concerns about government debt and expectations for additional interest-rate increases from the US central bank.