Many repairs are still needed in the job market – James Bullard

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“The 10-year US Treasury yield is returning to the consistent level since the 6 months before the pandemic, it is still a fairly low yield level,” he said on Friday. St. Louis Fed Chairman James Bullard, Reuters reported.

Key statements

“We still need a lot of repairs in the job market.”

“We can’t really talk about specific levels of performance without the surrounding data context, so it’s difficult to draw a line in the sand at a particular level.”

Market reaction

The dollar continues to outperform its rivals after these comments and the US dollar index was last seen gaining 0.4% on the day at 92.00.

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