A panicking Fed is just what the bond market needs, says Bank of America’s chief strategist

Share

Bank of America’s chief strategist Michael Hartnett believes the Federal Reserve should adopt a firmer stance, potentially alarming markets, to reassure bond investors. According to him, the new Fed Chairman Kevin Warsh will likely need to raise interest rates soon to stabilize the long end of the Treasury yield curve. This analysis suggests that a Fed perceived as hesitant could amplify tensions in the U.S. bond market.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles