Rising bond yields appear to reflect investors’ optimism over the outlook for the U.S. economy, Federal Reserve Bank of New York leader John Williams said Friday during an interview with CNBC in which he also played down concerns regarding financial stability risks.
The rise in yields appears to reflect an expectation the economy will gain strength as the coronavirus pandemic fades, as well as anticipation of more government stimulus spending, and are “not to me a concern, it’s more of a reflection of, I think, the market’s…
