Europe Breaking News: Fed's Fisher Says Comfortable With Rise in U.S. Yields

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Europe Breaking News: Fed's Fisher Says Comfortable With Rise in U.S. Yields

Europe Breaking News: Fed's Fisher Says Comfortable With Rise in U.S. Yields
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Europe Breaking News: Fed's Fisher Says Comfortable With Rise in U.S. Yields

by Wochit 0:49 mins

Federal Reserve policymaker Richard Fisher said on Monday he was comfortable with the rise in U.S. Treasury yields following the central bank's signal it planned to slow its support, but cautioned that a big spike would be "destructive". European Union finance ministers are under pressure to agree who pays for failing banks after failing to reach a deal, with Germany and France at odds on how to distribute the costs. Delta Air Lines said that it has completed its purchase of a 49 percent stake in British airline Virgin Atlantic and added the two carriers plan to start cross-selling seats on each other's flights in July.

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