18 days ago • Posted by William Ramstein

Real yields fall sharply after Jackson Hole

There was not much drama from Fed Chair Powell on Friday, as he continued to send a fairly dovish message and gave little away with regard to the Fed’s likely upcoming QE taper. That dovish tone caused real interest rates to fall sharply, with both the 5-year and the 10-year TIPS yields down almost 10 bp. The dovish message also helped to support equities, which generally picked up, with the Russell 2000 doing especially well as it rose by almost 3%. Source: Macro Markets Daily