The late-year selloff in the bond market has begun to look overextended. Recent trading pushed 10-year yields back down to 4.56% on Jan. 17 after reaching as high as 4.8%. The sudden shift in the market coincided with the growing sentiment that the Federal Reserve will cut the overnight policy rate by ... READ MORE >
fixed income markets
Monetary policy tightening, the bond market and the business cycle
Central banks in developed economies are contending with a series of shocks that have threatened price stability and, ultimately, economic growth. Now, these shocks, which include inflation, interest rate increases and energy market turmoil, are all showing up in fixed income markets. With consumer ... READ MORE >