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Bond Report: Treasury yield curve flattens after Fed’s Powell underlines inflation risks

Long-dated U.S. Treasury prices rallied Friday, pushing down yields and contributing to a further flattening of the yield curve, after Federal Reserve Chairman Jerome Powell signaled the central bank is prepared to begin tapering its monthly asset purchases and warned that inflation is likely to remain elevated into 2022.

What are yields doing?What’s driving the market?

Federal Reserve Chairman Jerome Powell warned that elevated U.S. inflation readings are likely to last into next year and that the central bank was alert…

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