What’s behind fall in US yields? Fed hope, growth fear

Bloomberg/Martin Ademmer and Bjorn Van Roye/1-24-2023

“For the US central bank, the burden of controlling elevated inflation falls increasingly on hopes for favorable supply shocks.”

USAGOLD note: And that could go either way. A one-paragraph, no-nonsense summary of the Fed’s latest policy conundrum……

line chart showing the drop in 10-year Treasury yields over past month
Chart courtesy of TradingEconomics.com

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