Business
The Fed Has a Chance to Help the Long Treasury Market. Will it Deliver?
For bond traders life is usually simple, steady and calm. This summer was anything but quiet–and Federal Reserve Chairman Kevin Warsh may be the key to fixing that.
Over the past two months bond traders feeling unnerved by strong economic growth, inflation fears, and growing borrowing needs have moved fast to dump bonds. The 10-year Treasury yield rose to its highest point since 2007 on Tuesday.
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