Based upon the outtakes of the two days of Federal Reserve meetings last week and the press conference with Federal Reserve Chairman Ben Bernanke that followed.... Here is what the Federal Reserve did tell the markets:Read more
Many individual and institutional investors are growing more concerned that we may be entering an environment of rising interest rates sooner than many expected. The behavior of yields on 10-year U.S. Treasury Notes since the beginning of May provides credence to this sentiment as 10-year Treasury yields have risen by 59 basis points, or nearly 36% (from 1.66% to 2.25%), during the time period of May 1, 2013 – June 12, 2013.Read more