Markets will also be on watch for clues from Powell, who is set to testify before Congress in the coming week, and a slew of other central bank speakers.
NEW YORK: Bond investors ended a tumultuous Thanksgiving week with a reminder that Covid, not just the degree of Federal Reserve (Fed) hawkishness, is still able to stir up markets around the globe.
But after the dust kicked up by the latest worrying coronavirus variant news settles down, Treasuries look most likely to be driven by this: the central bank fighting inflation in 2022 by getting more restrictive with monetary policy.
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