Federal Reserve Chairwoman Janet Yellen held interest rates unchanged on Wednesday, the final policy board meeting she will oversee before handing over to her successor Jerome Powell, who is set to be sworn in on Monday. In this file photo taken on December 13, Yellen speaks during a briefing in Washington. Photo: AFP Federal Reserve Chairwoman Janet Yellen held interest rates unchanged on Wednesday, the final policy board meeting she will oversee before handing over to her successor Jerome Powell, who is set to be sworn in on Monday. In this file photo taken on December 13, Yellen speaks during a briefing in Washington. Photo: AFP
Federal Reserve Chairwoman Janet Yellen held interest rates unchanged on Wednesday, the final policy board meeting she will oversee before handing over to her successor Jerome Powell, who is set to be sworn in on Monday. In this file photo taken on December 13, Yellen speaks during a briefing in Washington. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Relax, the US government bond market is not falling off a cliff

Fears that we are approaching the tipping point for 10-year Treasurys are overblown

Federal Reserve Chairwoman Janet Yellen held interest rates unchanged on Wednesday, the final policy board meeting she will oversee before handing over to her successor Jerome Powell, who is set to be sworn in on Monday. In this file photo taken on December 13, Yellen speaks during a briefing in Washington. Photo: AFP Federal Reserve Chairwoman Janet Yellen held interest rates unchanged on Wednesday, the final policy board meeting she will oversee before handing over to her successor Jerome Powell, who is set to be sworn in on Monday. In this file photo taken on December 13, Yellen speaks during a briefing in Washington. Photo: AFP
Federal Reserve Chairwoman Janet Yellen held interest rates unchanged on Wednesday, the final policy board meeting she will oversee before handing over to her successor Jerome Powell, who is set to be sworn in on Monday. In this file photo taken on December 13, Yellen speaks during a briefing in Washington. Photo: AFP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.