Treasury Market Still Functioning, Fed’s Kashkari Says

Federal Reserve Bank of Minneapolis President Neel Kashkari has played down concerns over rising US Treasury yields, saying markets are functioning well. His most recent statements come after Treasury Secretary Scott Bessent announced a plan to buy back long-term US… Federal Reserve Bank of Minneapolis President Neel Kashkari has played down concerns over rising US Treasury yields, saying markets are functioning well. His most recent statements come after Treasury Secretary Scott Bessent announced a plan to buy back long-term US debt. Bloomberg Mark Cranfield has the context. (Source: Bloomberg)