Yields Spike as Fed Reveals its Balance Sheet Intentions.

The Economy Weakens as Consumer Frugality Begins Equity markets fell last week (April 8), but the biggest change was in fixed-income as the Fed’s minutes and continued hawkishness from Fed governors continued to put upward pressure on the yield curve.  At the week’s start, interest rates had inverted (short-term rates higher than long-term rates).  As […]