Global bond yields fall after Fed governor says he may back holding rates steady

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Bond market turmoil heightens midterm risks for GOP's midterm chances

Bond market turmoil heightens midterm risks for GOP's midterm chances

Bond yields around the world fell Thursday, after Federal Reserve board of governors member Christopher Waller said he would support holding interest rates steady if economic conditions warrant it.

“If there is continued progress toward our 2 percent goal, then I am willing to support holding the policy rate at its current level,” Waller said Thursday at the Reuters NEXT Newsmaker event in Washington, D.C.

But the Fed governor noted that if inflation “comes in hot” for August, he would “consider a rate hike” at the next meeting of the Federal Open Market Committee (FOMC) Sept. 15-16. 

The 10-year U.S. Treasury bond yield dipped below 4.75 percent Thursday morning, after closing Wednesday at above 4.79 percent and peaking at nearly 4.82 percent during........

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