Take Five: Policymakers under pressure
1/TANTRUMS WITHOUT TAPER What happened to keeping borrowing costs in check? All of a sudden, central banks are grappling with rising bond yields that could threaten recovery prospects. February is ending with some of the biggest bond moves in years, even after soothing noises from Federal Reserve Chair Jerome Powell, European Central Bank boss Christine Lagarde and Reserve Bank of New Zealand Governor Adrian Orr. Australian and New Zealand 10-year yields have soared 70 basis points each — Australia’s biggest monthly yield jump since 2009. U.S. 10-year yields are set ...
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