Federal Reserve governor Lael Brainard on Tuesday became the first top official at the central bank to express unease about last week’s sharp rise in longer-term U.S. Treasury yields.

Understanding Operation Twist

(Greg Robb) Asked about the bond market during a talk at the Council of Foreign Relations, Brainard said she was “paying close attention to market developments.”

“Some of those moves last week and the speed of the moves caught my eye,” Brainard said.

The Tell: Why the stock market’s big rotation can continue even if bond yields stop rising

Continue reading →