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Treasurys Fall, Yields Surge On Fed Rate View

Wednesday, March 19, 2014 - 1:44 PM
From MarketWatch:

Treasury prices fell sharply Wednesday after the Federal Reserve said it would shift its method of saying it would keep rates low by considering a wide range of factors in deciding when to raise its key policy rate. The central bank also said it would continue cutting its bond-buying stimulus program, as expected. After the announcement, the benchmark 10-year Treasury note yield, which rises as prices fall, was up 7.5 basis points on the day at 2.753%. The 5-year note yield surged 12 basis points to 1.670%, and the 3-year note  yield jumped 10.5 basis points to 0.862%. The 30-year bond  yield rose 4.5 basis points to 3.671%

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5
pearlbrownpearlbrown1,431 posts since
Nov 2, 2010
Rep Points: 6,248
1. Wednesday, March 19, 2014 - 5:39 PM
Higher interest rates talk spooks stocks

Could there be some hope with Yellen?  Will rates really go up or is this more false hope for savers?
1
paoli2paoli21,367 posts since
Aug 10, 2011
Rep Points: 5,992
2. Thursday, March 20, 2014 - 1:21 PM
After reading another post on this forum and the linked article it appears it is the media feeding the misinformation vs Yellen trying to give hope (or lack there of).  Nothing appears to have really changed.  The markets just get "spooked" way to easily.
1
ChrisCDChrisCD69 posts since
Nov 18, 2010
Rep Points: 452
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