Jake Remley, senior portfolio manager at Income Research + Management, shared his views on Federal Chairman Jerome Powell’s speech at Jackson Hole and what the central bank’s monetary policy positions mean for the bond market with MarketWatch. Jake suggested that Powell was flexibly dovish, providing market bulls the opportunity to maintain duration for another week. Jake also noted that policy-makers likely desire the flexibility to interpret incoming data, such as August job reports, as they see fit.
MarketWatch – August Jobs Report Emerges as Key Test for Whether U.S. Bond Yields Will Remain Lower-for-Longer
August 27, 2021
Original article by Vivien Lou Chen