Bernanke Speaks, US Bond Spikes Like JGBs, Stock Market Goes South

Bernanke thinks Fed's commitment to having a flexible policy of adjusting the bond purchase as needs arise should be a good enough signal to the financial markets. The markets don't seem to agree.

10-year bond yield:

Dow:

Live press conference:



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There was a reporter from Japan's Nikkei Shinbun, who asked Chairman Bernanke, "What do you think of Bank of Japan under Kuroda? Do you support Kuroda?"

I was embarrassed for him.

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