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Dovish Janet Yellen Brings Comfort To Peripheral Bond Markets

Federal Reserve Chair Janet Yellen in a speech on Monday said interest rate hikes were coming, but gave little sense of when.
Federal Reserve Chair Janet Yellen in a speech on Monday said interest rate hikes were coming, but gave little sense of when.
London: Peripheral bonds led Eurozone yields lower on Tuesday as dovish comments from Federal Reserve Chair Janet Yellen bought some solace to risk markets that have started to become unnerved by a looming referendum in the UK on European Union membership. In a speech on Monday, Ms Yellen gave a largely upbeat assessment of the US economic outlook and said interest rate hikes were coming, but gave little sense of when. Those remark...
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