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Fed's Bullard says 10-year yield is settling as markets look to Trump and GOP to deliver on growth promises

From cnbc.com

The 10-year Treasury yield is settling down after a postelection pop, as the market looks to President-elect Donald Trump and Republicans in Congress to deliver on economic growth promises, St. Louis Federal Reserve President James Bullard told CNBC on Thursday. Appearing on "Squawk Box," Bullard said there's no need to dramatically increase rates right now. The 10-year yield spiked along with the stock market after Trump won the presidency on expectations that his tax cut and deregulation plans would boost the economy. Bullard said he does not see Trump's agenda having much impact this year. The Fed expects to ... (full story)

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