Needed: A One Two Punch From The Fed And TreasuryRudi Dornbusch
The upheaval in bond markets around the world during the past two months could be calmed if the U.S. Federal Reserve and the Treasury joined forces in taking a stand that sets a clear direction. The Fed has to raise short-term rates significantly to keep the economy from overheating. The Treasury must intervene to bring down and stabilize the yield on 10-year bonds.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.