By Michael S. Derby
Hartford, Connecticut, Jan 15 (Reuters) - Federal Reserve Bank of New York President John Williams Said on Wednesday He Does Not Believe the Notable Rise in U.S. Bond Yields Reflects a Big Change in the Market’s Inflation Views.
When It Comes to Long-Term Bond Yields, “We Haven't Seen a Big Movement in the Inflation Compensation” but There Does Seem to Be a Change in Investors' Compensation for Interest Rate Risk as Measured by the Concept of the Term Premium, Williams Told Reporters After a Speech in Hartford, Connecticut. He Tied the Change in the Term Premium to Strong Income Data and Uncertainty Over Government Policies in the Aftermath of the Elections.
(Reporting by Michael S. Derby; Editing by Andrea Ricci)
((Michael.derby@Thomsonreuters.com;))