"Bond Watchdog" Yardeni is not alarmed by rising US Treasury yields, saying the Fed will not let them surge uncontrollably.
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Yardeni stated: “I roughly consider a bond yield of 4.25%-4.75% as a normal level — I am not panicking because of this.” He was referring to the benchmark 10-year US Treasury yield. “US Treasuries are still considered a safe haven, and there are many things worth worrying about nowadays.” If yields continue to rise, US Treasury Secretary Besant may consider reducing the issuance of longer-term bonds and instead increasing the issuance of short-term Treasury bills. (Bloomberg TV)
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