1. What’s Next for the Bond Market The rise in yields has been arguably the most important trend of this week, as the aftermath of the “historic” Fed meeting brought about a significant rise in short-dated Treasury yields. Long-term bonds were less moved by the shift and that still shows the skepticism of the market regarding the long-term growth prospects. What’s crucial about this that the Trump administration heavily relies on the 3% long-term growth number in the calculations regarding the new tax proposal. Let’s just say that it is an optimistic view; what’s more likely is that the expansion […]
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