Two-year yields rise, spreads fall on Powell nomination - NewsBreak

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By Alexdemarco in Business
Updated 2 years ago

NEW YORK, Nov 22 (Reuters) - U.S. Treasury yields rose Monday after President Joe Biden announced he would nominate Fed Chairman Jerome Powell to a second term while elevating Fed Governor Lael Brainard to vice chair. Powell, who was widely expected to be tapped for a second term, will helm...