Taper Mania, Taper Tip-Off, whatever you chose to call it, the obsession with this issue continues to rattle the market. Last I saw, the 10-year treasury was trading around a 2.35% yield in after-hours trading (up from around a 2.18% yield earlier in the day). Volatility has come to the treasury market. And all Bernanke…
Tag: john hilsenrath
Session 41–The Dreaded Taper
As “The Dreaded Taper” has become ‘the next big thing’ for the media and something for the media to obsess about (btw we called this shortly after “the dreaded sequester” turned out to be not-so-dreadful–see session 15), I thought it appropriate to do a session to frame this horrific problem. I hope it keeps you…