Bond Market Challenging FED Goals?
The bond sell-off was much hyped across the media and various commentators have provided various explanations. From my point of view all of the reason’s given don’t make much sense. So, we’ll have to wait and see if something meaningful comes along.
I’ll only repeat the famous phrase ” Don’t fight the FED”, especially taking into account that they (FED) have proved that they are capable of doing everything needed to achieve their goals.
Chart 1. U.S. 10 Year Treasury Note Future
Chart 2. U.S. Sovereign Yield Curve
