Investors are fighting the Fed — and it's doing dangerous things to the bond market
Business Insider -

Reuters/Joshua Roberts

The two-year yield has surged to 2.41% — the highest it's been since July 2008.

Meanwhile, the 10-year yield is at 2.82%.

That makes for the narrowest spread between the two-year and 10-year since before the Financial Crisis. 

Happily dreaming in La-la-land till the rude awakening.

The Fed’s efforts to raise interest rates across the spectrum have borne fruit only in limited fashion. In the Treasury market, yields of longer-dated securities have not risen (prices fall...


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