Rising yields suggests uncertainty over U.S. growth: Fed’s Kaplan

NEW YORK (Reuters) – The recent jump in U.S. bond yields suggests there is uncertainty among investors over future economic growth prospects, Federal Reserve Bank of Dallas President Robert Kaplan said on Tuesday.

The , which reached a fresh multi-year high on Tuesday, is “telling me that prospects for future U.S. growth are somewhat sluggish (and) that outward growth is looking a little more uncertain,” he said at the Economic Club of New York.

U.S. treasuries have been sold off recently as strong data fueled fears about rising inflation and a potentially faster pace of rate increases by the Fed.

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