Rates Spark: Yields have spiked, but levels are far from overly elevated | Metals Mine

  • Rates Spark: Yields have spiked, but levels are far from overly elevated

    From think.ing.com

    The rise in Treasury yields since Friday reflects a combination of factors. Talk on Friday that President Trump might hold on to Kevin Hassett is not one of them. It was a spark for sure, but not the driver. Remember, Kevin Hassett has not been the front-runner for a number of weeks now, as he was overtaken by the other Kevin (Warsh). Also, the market had never discounted a super-dovish Fed in the first place. And for good reason, as the mathematics never added up that way. So, bond yields spiking on the Hassett story never made complete sense, apart from it being a spark that lit up a path of least resistance for ... (full story)

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