Bond Report: Treasury yields climb as Fed’s Bostic joins Bullard in backing late-2022 rate hike plan

Yields for benchmark government debt rose slightly across the board Wednesday, a day after Fed Chairman Jerome Powell on Tuesday reiterated that the central bank expects rising inflationary pressures to prove transitory.

Yields for benchmark government debt rose slightly across the board Wednesday, a day after Fed Chairman Jerome Powell on Tuesday reiterated that the central bank expects rising inflationary pressures to prove transitory.