Bullard: see marginal impact on long-term yields from Fed balance sheet reduction

Market news

26 May 2017

Bullard: see marginal impact on long-term yields from Fed balance sheet reduction

Looking forward to starting Fed balance sheet reduction in second half of this year
Prudent for BoJ to lay out an exit strategy
Good to cap the amount of mortgage-backed securities allowed to run off balance sheet
We are monitoring subprime auto and student loans but they are not near danger levels
If the BoJ decides to taper JGB purchases, this has to be communicated carefully with markets, otherwise can cause global dislocation

Sterling hits 10-day low of $1.2866, down 0.5 pct on day , extends falls after Yougov poll shows Conservatives' lead shrinks

Crude oil prices declined, extending session losses, after OPEC and other producers extended output cuts, but disappointed investors betting on larger supply curbs. Brent crude having hit a high of $54.63 the day before, its strongest since Apr. 19

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