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US 10-year yield flashes possible warning: Dallas Fed’s Kaplan


Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas.

Derick E. Hingle | Bloomberg | Getty Images

Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas.

The slippage in the U.S. 10-year Treasury yield may reflect investors’ expectations of slower long-term domestic economic growth rather than looser financial conditions, Dallas Federal Reserve President Robert Kaplan said on Wednesday.

“That is not a sign of easy financial conditions,” he said of the benchmark U.S. yield which has fallen nearly 10 basis points so far this year.

“That may be a sign of worry about future growth,” Kaplan told reporters after participating on a panel with New York Fed President William Dudley about regional economic trends sponsored by Hearst and Partnership for New York City.

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