Yellen Says Yield Surge Is Due to Strong Economy, Not Deficits
Viktoria Dendrinou, Christopher Condon, and Margaret Collins Bloomberg October 26, 2023 Treasury Secretary Janet Yellen said the surge in longer-term bond yields in recent months is a reflection of a strong US economy, not the jump in government borrowing driven by a widening fiscal deficit. “I don’t think much of that is connected” to the US budget deficit, Yellen