WASHINGTON -- Bond market analysts are split in assessing how close Federal Reserve officials are to raising short-term rates.

Some say Fed Chairman Alan Greenspan's testimony on Tuesday before a House Banking subcommittee contained a blunt warning to Congress that Fed officials are preparing to tighten monetary policy later this year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.