Rise in Short-Term Treasury Rates May Come in 'Direct Conflict' with Easy Fed Policy – Investment Watch
Yields on U.S. government debt blew past another set of closely watched levels, with a key part of the Treasury curve surging past an inflection point that’s seen as potentially squelching global speculative euphoria .Yields took off with startling speed, with the rate on 10-year Treasuries reaching 1.61%, the highest in a year… The jump is almost double that recorded in the 2008 financial crisis, and borrowing is expected to increase further still in 2021, albeit at a slower pace, to reach $19.1 trillion.Record low interest rates following swift and massive interventions from central ...