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We are not responsible for HKT's privacy or other data-related practices. The Fed Has a Chance to Help the Long Treasury Market. For bond traders life is usually simple, steady and calm.
This summer was anything but quiet–and Federal Reserve Chairman Kevin Warsh may be the key to fixing that. Over the past two months bond traders feeling unnerved by strong economic growth, inflation fears, and growing borrowing needs have moved fast to dump bonds. The 10-year Treasury yield rose to its highest point since 2007 on Tuesday.
While Treasury Secretary Scott Bessent has endeavored to keep yields in check by repurchasing longer-dated bonds, his actions haven't been all that successful. A Fed Rate Hike Could Be the First of Many. The 10-year yield hits its highest level in more than 19 years, summing up investors’ worries about a flurry of Fed interest-rate hikes.
Oil prices weighed on stocks today as investors eagerly await the big Fed announcement. The Stock Market Could Be in for an Autumn Fall. Why Wall Street is Getting Nervous.
Stocks aren’t far from levels they first cross in May.
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