The bond market isn’t buying what Fed Chair Warsh is selling
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-0.40 · LEFT
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-0.200 · CENTER LEFT
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Article Excerpt
The bond market isn’t buying what Fed Chair Warsh is selling
JAMIE MCGEEVER
ORLANDO, FLORIDA
REUTERS
PUBLISHED 1 HOUR AGO
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The plunge in long-dated U.S. bond prices reveals two things about how investors view Federal Reserve Chair Kevin Warsh: his honeymoon period is over, and his inflation-fighting credibility is under serious scrutiny.
The 30-year Treasury yield surged above 5.20 per cent on Wednesday, the highest in two decades. The move snowballed in the wake of Warsh’s press conference rather than immediately after the central bank’s decision to keep inter…
Read full article at The Globe and Mail ↗
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