A week after Janet Yellen unnerved financial markets in her first press
conference as Fed chair, markets have settled down. The Dow (DJI),
which fell 114 points after she suggested the Fed could raise interest
rates "something on the order of six months” after ending its asset
purchases, has made up for close to half its losses that day. And the
10-Year Treasury yield (^TNX) has dropped slightly, to 2.7% from 2.78%, raising Treasury prices, which move inversely to yields. (more)
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