When asked about the US Treasury bond market turmoil, FOMC Chairman Jerome Powell refrained from commenting specifically on bond yields and said that they would be concerned “by a persistent tightening of financial conditions broadly.” Following these comments, the benchmark 10-year US Treasury bond yield shot higher and was last seen gaining 2.6% on the day at 1.527%. Consequently, the US Dollar Index gained traction and is currently rising 0.37% at 91.28. Assessing Powell’s remarks, “the world’s most powerful central banker has spelled out his last words before the blackout period – and markets have undoubtedly noticed,” said FXStreet analyst Yohay Elam. “Powell refrained from using his power and only said that recent bond jitters “caught my attention”- paraphrasing his colleague Lael Brainard.” Related articles Powell Quick Analysis: Markets set to suffer for two more weeks as Fed mostly dismissed bond rout. Powell speech: Current policy stance is appropriate. Powell speech: Will be patient if there is a transitory increase in inflation. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: Bears back in play on Fed’s Powell, eyeing $1,698 FX Street 1 year When asked about the US Treasury bond market turmoil, FOMC Chairman Jerome Powell refrained from commenting specifically on bond yields and said that they would be concerned "by a persistent tightening of financial conditions broadly." Following these comments, the benchmark 10-year US Treasury bond yield shot higher and was last seen gaining 2.6% on the day at 1.527%. Consequently, the US Dollar Index gained traction and is currently rising 0.37% at 91.28. Assessing Powell's remarks, "the world's most powerful central banker has spelled out his last words before the blackout period - and markets have undoubtedly noticed," said FXStreet analyst… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
