{
  "id": 2142298,
  "title": "Fed's Daly: Rise in long term yields is a global issue",
  "url": "https://urgent.news/2026/08/20/feds-daly-rise-in-long-term-yields-is-a-global-issue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T13:00:51.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/feds-daly-rise-in-long-term-yields-is-a-global-issue-202608201300"
  },
  "original_language": "en",
  "account": "Federal Reserve Bank of San Francisco President Mary Daly discussed the increase in long-term Treasury bond yields during a Bloomberg TV interview on Thursday. Daly emphasized that the rise in yields is a global issue, but she does not perceive the Fed's credibility to be at risk. Short-term yields demonstrate that markets comprehend the Fed's reaction function. Daly noted that the policy is in good shape and is closely monitoring market developments.\n\nDaly conveyed a more moderate tone regarding hawkishness, with the 5.2/10 FXS Speechtracker score slightly falling below the historical average of 5.5/10, indicating continuity rather than a tightening bias escalation. She highlighted that inflation pressures are expected to diminish and expressed support for the Fed's decision to maintain interest rates during July. The most recent job and inflation data have not altered her current outlook.\n\nDaly stated that the job market is displaying an uncomfortable stability and does not indicate any faltering. She also mentioned not seeing Artificial Intelligence investment as a driver of a surge in inflation. Daly stated that the Federal Reserve is still not meeting its inflation goal by a considerable margin. The Federal Reserve's Daly delivered a slightly less hawkish statement, signaling a gradual shift in tone while still maintaining a focus on data-dependent rate-hold policies.",
  "summary": "In an interview with Bloomberg TV on Thursday, Federal Reserve (Fed) Bank of San Francisco President Mary Daly argued that the rise in long term Treasury bond yields is a global issue and added that she doesn't see the Fed's credibility at risk.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}