Fed's Hammack says bond yield surge not about lost inflation confidence

Sept 25 (Reuters) - Federal Reserve Bank of Cleveland President ‌Beth Hammack said ‌on Friday that surging bond yields ​are not being pushed up by inflation fears.

When it comes to the jump ‌in government ⁠bond yields, "it's real rates that have moved ⁠up more than the inflation expectations," Hammack said ​at a ​conference ​at her bank.

"We're ‌reasonably well anchored from an inflation expectations perspective" and rising bond yields reflect a solid economic outlook, ‌competition for investor ​cash due to ​strong ​tech sector investment, ‌as well as market ​participants ​adjusting prices to deal with the monetary policy ​outlook, ‌the official said.

(Reporting by Michael ​S. Derby; Editing by ​Chris Reese)