Federal Reserve's Kashkari: U.S. Treasury Market Still Functioning Normally
- Fed's Kashkari stated that concerns over rising U.S. Treasury yields are overstated.
- He emphasized that the U.S. Treasury market is operating normally with sufficient liquidity.
- Kashkari noted that recent yield increases are unlikely to impact monetary policy discussions.
- The benchmark 10-year Treasury yield recently closed at approximately 4.73%.
- He mentioned that while current yields are high, they were much higher in the 1990s.
On August 23, PANews reported that Fed's Kashkari downplayed market concerns regarding the rise in U.S. Treasury yields, asserting that the market is functioning well. He stated that all signs indicate normal operations in the U.S. Treasury market, with adequate trading and liquidity.
Kashkari remarked that the recent surge in yields is unlikely to influence discussions on monetary policy. He noted that the benchmark 10-year Treasury yield recently closed at around 4.73%, while the 30-year yield remained near its highest level since 2007.
He acknowledged that although current Treasury yields are elevated compared to recent historical levels, yields in the 1990s were significantly higher. Kashkari concluded by emphasizing the need for more data but refrained from making predictions about the next meeting, expressing skepticism about inflation returning to target levels in the near term.
美联储卡什卡里：美国国债市场仍正常运作
8月23日，PANews报道，美联储卡什卡里淡化了市场对美国国债收益率上升的担忧，声称市场运作良好。他表示，所有迹象表明美国国债市场正常运作，交易和流动性充足。
卡什卡里指出，近期收益率的上升不太可能影响货币政策讨论。他提到，基准10年期国债收益率最近收于约4.73%，而30年期收益率则接近自2007年以来的最高水平。
他承认，尽管当前国债收益率相较于近期历史水平较高，但1990年代的收益率要高得多。卡什卡里最后强调需要更多数据，但不愿对下次会议做出预测，并对通胀在短期内回归目标水平表示怀疑。