WASHINGTON (MarketWatch)
Many factors, including concerns about large federal deficits, are behind the rise in yields on longer-term Treasury securities, Federal Reserve Board Chairman Ben Bernanke said Wednesday. Other factors pushing yields higher are greater optimism about economic outlook, a reversal of flight-to-quality flows and technical factors related to hedging of mortgage holdings, Bernanke said in testimony prepared for delivery to the House Budget Committee. Bernanke gave no hint of whether the Fed would take action to counter the move towards higher rates, which some economists fear could choke off any recovery. Some Fed watchers expect the Fed to increase its planned purchases of Treasurys
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El presidente de la Reserva Federal, Ben Bernanke, instó hoy al Congreso y a la Casa Blanca a recortar el déficit récord en EE UU y advirtió que de no hacerlo podría erosionar la confianza de los consumidores y las perspectivas a largo plazo. Bernanke comparece en el Congreso para ofrecer su diagnóstico de la coyuntura económica del país, dominada recientemente por la crisis del automóvil y señales iniciales de reactivación.
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