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High Bond Volatility And Inflation Show It’s The Fed Itself That’s Transitory

High Bond Volatility And Inflation Show It's The Fed Itself That's Transitory

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Wild gyrations in long-term Treasury yields are being noticed by mainstream financial news media. “Bond volatility is extraordinary whereas equity volatility is not. Something’s wrong here,” says CNBC analyst. The reason for these gyrations is simple. The Fed, dragging mutual fund demand in its bond-buying wake, is snapping up 80% of new Treasury issuance since the Covid era began.

...read full article on Seeking Alpha

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