US bond market fireworks after Powell speech highlight recession worries

March 22, 2022 8:05 AM

NEW YORK (REUTERS) – The US bond market was hammered anew on Monday (March 21), with a sell-off driving yields on short-dated Treasuries to one of their biggest daily jumps of the past decade after Federal Reserve chair Jerome Powell said he’s willing to enact larger hikes if needed to fight inflation.

Source : https://www.straitstimes.com/business/economy/us-bond-market-fireworks-after-powell-speech-highlight-recession-worries