Fixed Income
At $2 Million Per Minute, Treasuries Mint Cash Like Never Before
With the Federal Reserve in no hurry to cut interest rates, investors are flocking back to fixed-income assets in major reset for Wall Street.
Photographer: Mark Wilson/Getty Images
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For the first time in nearly a generation, fixed income is living up to its name.
This, at a certain level, is simply the consequence of benchmark rates in the US jumping from 0% to over 5% in a span of two years.