Wellington Says Rates Near Restrictive Levels as Bond Yields Climb

1 articles · Updated · CNBC · May 19

Brij Khurana said rates are reaching restrictive territory, arguing the recent rise in bond yields is tightening financial conditions further.
Higher yields matter because they raise borrowing costs across the economy, signaling policy is becoming more of a brake on growth.
Khurana framed the bond-market move as an economic signal, with investors watching whether tighter conditions start to slow activity more visibly.

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