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- Longer-Term Treasury Yields to Rise Amid Flood of Issuance While Fed, Foreign Buyers, U.S. Banks Unload. Short-Term Yields Already Surged.
Longer-Term Treasury Yields to Rise Amid Flood of Issuance While Fed, Foreign Buyers, U.S. Banks Unload. Short-Term Yields Already Surged.
by Wolf Richter Wolf Street
What the Fed wanted to accomplish. But the bond market hasn’t been playing along and “is too complacent” about the coming onslaught.
Long-term Treasury yields have been far lower than short-term Treasury yields for a year, as the Fed pushed up its short-term policy rates, but the Treasury market has refused to play along, and long-term Treasury yields have been slow in following. But this phenomenon is now facing massive headwinds.