Federal Reserve Chairman Walsh: I think there are three reasons for the rise in bond yields. The first is economic strength; capital competition is a secondary issue; the surge in capital expenditure actually exists; and the third point is geopolitics.

Federal Reserve Chairman Walsh: I think there are three reasons for the rise in bond yields. The first is economic strength; capital competition is a secondary issue; the surge in capital expenditure actually exists; and the third point is geopolitics.