The Fed is not 'walking the talk'

The bond markets' indifferent response to last Friday's statement by the U.S. Federal Reserve (Fed) that interest rates may be raised this year seems about right. By moving up the yield on the benchmark ten-year Treasury note two basis points to 2.21 percent, it looked like bond traders heaved a big and tired Friday afternoon yawn before heading out for the long Memorial Day weekend....(read more)

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