Surveillance: Bonds Feel the Love From Yellen's Shift in Sale
Treasury may not be gaming the market, but at some level, it’s paying attention
Treasury Secretary Janet Yellen told Bloomberg News last week that a strong economy, not a surge in borrowing, was helping drive the rout in long-term bonds.
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It’s Fed day on Wall Street and no one seemed to care, which is odd because FOMC meetings are usually the Super Bowls of economic events.