US Treas Sec Yellen urges bond traders to read data thoughtfully for informed market moves

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US Treas Sec Yellen urges bond traders to read data thoughtfully for informed market moves

US Treasury Secretary Yellen remarks hitting the news:

• 
  Fed wants to create financial conditions consistent with bringing
  down inflation, state of markets feeds into that
• Unclear what role
  increased Treasury supply had in recent rise in longer-term rates
• Says bond markets
  anticipating fed moves can be helpful complement to monetary policy
  if participants are 'thoughtful' when reading data
• Difficult to
  disentangle expectations about fiscal, monetary path from other
  factors affecting treasury term premium

Its not unusual for public sector employees to tell those in the private sector that they're doing their jobs wrong. Such advice is best ignored. The job of bond traders, and all traders, is to make $$$, not keep the bureaucrats happy.

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: US Treas Sec Yellen urges bond traders to read data thoughtfully for informed market moves

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