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The Fed has lost the bond market’s confidence

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The Fed has lost the bond market’s confidence
Topic: Economics 2:39 pm EDT, May 10, 2004

] Based on this week's clubbing of the fixed-income market,
] it appears to me that the Fed has lost the confidence of
] the fixed-income market. Going forward, if this market
] begins to act like a vigilante instead of a liquidity hog
] and the dollar continues to go south while precious
] metals firm, it would be the clearest statement that the
] markets have at last concluded the Fed has blown it.
]
]
] Of course, the Fed blew it a long time ago. The only
] question has been when the masses would come to that
] conclusion

The Fed has lost the bond market’s confidence



 
 
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