WASHINGTON, May 19 (Reuters) - U.S. Treasury Undersecretary Randal Quarles said on Friday that debt markets should be prepared for a return to lower interest rates.
"I'm simply saying, as you look at the architecture of the market and how the Treasury market might evolve over time, that I do think that we do need to be prepared for any eventuality in the future, including the recurrence of low short-term rates," he said in an interview on Bloomberg television at a Bond Market Association conference in New York.
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