"It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat," Yellen said during an economic event hosted by The Atlantic magazine. Jeff Christian, managing director of the CPM Group, told David Lin, anchor of Kitco News, that bond yields are likely to increase. "Our expectation is that the 10-year T-bond is probably going to trade between, let's say 1.55% and maybe 1.8%, 1.85% over the next five, six months. There is going to be upward pressure on it," he said.
0:00?EUR< - Janet Yellen's interest rate expectations8:20?EUR< - Inflation11:16?EUR< - Fed tapering?14:38?EUR< - Outlook for gold and silver18:05?EUR< - Are we still in a recession?
Jeffrey Christian is the founder of CPM Group, a commodities research, consulting, investment banking and asset management company. CPM is focused on the fundamental analysis of global commodities markets. Mr. Christian was previously the head of commodities research at J. Aron & Company, which was acquired by Goldman Sachs & Co. Mr. Christian formed CPM group through a management buy-out of the commodities research group of Goldman, Sachs & Co. with the vision to provide independent market leading research on the commodities markets to a variety of customers ranging from sovereign governments to investment funds.