Fed Seen as Unable to Control Long-Term Yields — Market Talk
Long-term yields are being driven up by forces that are out of the Federal Reserve's control, CIFC's Natalia Lojevsky says in a note. Last week's rate hike changed the Treasury curve but not the level, Lojevsky says. The heavy supply of Treasurys on the market, oil being higher than $100 a barrel…
Long-term yields are being driven up by forces that are out of the Federal Reserve's control, CIFC's Natalia Lojevsky says in a note. Last week's rate hike changed the Treasury curve but not the level, Lojevsky says. The heavy supply of Treasurys on the market, oil being higher than $100 a barrel…