Boston Fed President Collins backed last week's rate hike, signaling a somewhat restrictive fed funds rate to bring inflation back to target.
Impact on assets 2
Others
%Effective Federal Funds Rate
EFFR
▲ PositiveMonetaryrelevance
%United States Government Bond 10Y
US-10Y
▲ PositiveMonetaryrelevance
Collins' support for a restrictive policy rate and sticky-inflation concerns imply higher expected policy rates, pushing the 10Y Treasury yield up.