May
26
Bond Traders Uncover Secret to Rates That Fed Just Doesn’t Get
By
Janet Yellen, chair of the U.S. Federal Reserve. Photographer: Scott Eisen/Bloomberg
Forget 2015. The real play for bond traders is 2016.
For years, the $12.6 trillion U.S. Treasury market has signaled — correctly — that the Federal Reserve was too optimistic in its outlook for the economy and interest rates.
That’s no different now even though policy makers have moved closer to how traders view the world, which is to say that it wouldn’t be surprising if the central bank failed to lift borrowing costs this year…
Bond Traders Uncover Secret to Rates That Fed Just Doesn’t Get
