Wall Street Is Headed Through The Roof
UPFINA
As we mentioned in a previous post, it seems the Fed needs to keep buying TIPS to keep the nominal rate from spiking. We aren’t talking about hyper inflation or rates as high as they were from the 1970s to the 1980s. However, a 4% 10 year yield would probably have a destabilizing effect on markets. That’s just a hypothetical number. We don’t know the exact rate the 10 year yield will become a problem. The Fed doesn’t want to find out when it will be an issue.
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