Yields on 10-year and 30-year US bonds have risen, while market participants are waiting for a decision on who will become the next head of the Fed.
The yield on 10-year Treasury bonds rose by 2.2 basis points, reaching 1.558%, while the yield on 30-year bonds was 1.92% (+1.3 basis points).
It is expected that in the coming days, US President Biden will announce his decision on who he would like to see as head of the Fed. Currently, the most likely candidates for this post are Jerome Powell and Lael Brainard.
According to analysts, Brainard's appointment will lead to the fact that the Fed's monetary policy will become more dovish. Thus, it will take more time to cancel the pandemic-era stimulus measures.
However, many market participants believe that Powell and Brainard's approach to politics will be "very similar."