Bond Yields Jump On Document Former Fed Respectable Kevin Warsh Met With President Trump

Treasury yields rose suddenly on reports that Kevin Warsh, a former Fed governor, met with President Donald Trump Thursday to discuss his potential nomination as Fed chair.
Warsh has increasingly been seen as a leading candidate to replace Fed Chair Janet Yellen and bond traders view him as a hawkish choice.
The 2-year note yield edged slightly higher to 1.4787 percent after the report from the Wall Street Journal.
Warsh, who has a Wall Street and government background, would be seen as someone who would be more interested in deregulation.
“As much as we believe he would taper aggressively, and raise rates aggressively, it might not come to that.

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