No Sooner Did 10-Year T-Rate Cross 1% Than Fed Felt It Necessary To Dampen Budding Bearish Mood Among Bond Investors
January 19, 2021 at 03:26 AM EST
Last week, Fed officials threw cold water on incipient taper talk, indicating they would continue to purchase treasuries. In a highly leveraged economy, higher rates can bite sooner than later. The Fed will do all it can to make that from happening.