Bond Market Sends Different Message Than Fed as 30-Year Yield Hits Highest Since 2007

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TL;DR: The Fed’s July hold looked hawkish on the surface, but September hike odds actually fell to 65% from 76%. At the same time as the US 30-year Treasury yield hit its highest level since 2007, a split that points to a deeper term-premium story than a simple rate-path repricing. The Puzzle: Two Markets, Two […]The post Bond Market Sends Different Message Than Fed as 30-Year Yield Hits Highest Since 2007 appeared first on ActionForex.