Additional comments from Dallas Fed President Robert Kaplan continue to cross the wires.
Key quotes (via Reuters)
- He’s not committed on need for more rate hikes above neutral levels, depends on productivity.
- One-to-two year U.S. yields are consistent with Fed’s current rate projections.
- Longer-dated U.S. Bond yields reflect global liquidity, scepticism about medium-to-longer term growth.
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