shortterm

The yield on the 1-year Treasury is testing 4%, a level that traders say could spill over to other rates and send shivers through financial markets, as the Federal Reserve continues in earnest with its campaign to reduce its balance sheet by $8.8 trillion. . This balance sheet process, known as “quantitative tightening,” is intended …

Sudden sell-off in short-term debt pushes rate near ‘magical’ level that ‘scares’ markets Read More »