Rising Treasury yields might present buyers shifting on from US

WASHINGTON (Reuters) – The rise in long-term bond yields and drop within the greenback might present buyers turning away from the U.S. as the most effective place to take a position, Minneapolis Fed President Neel Kashkari mentioned on Friday.

“Traders world wide have seen America as the most effective place to take a position…One of many ways in which expresses itself is decrease yields,” Kashkari mentioned on CNBC. “If buyers resolve we need to make investments elsewhere…that should be pushing up yields.”

(Reporting by Howard Schneider; Enhancing by Sharon Singleton)