Jun
03
Who Needs Fed as Bond Market Already Lifting Rates Far and Wide
ByAfter almost seven years of low borrowing costs engineered by central bankers, consumers and companies are getting a preview of what’s next.
A global bond selloff is translating into a real world impact, with yields on U.S. mortgage bonds that guide home-loan rates reaching the highest level since October and corporate borrowing costs climbing to the most this year.
For all the speculation about when the Federal Reserve will raise short-term interest rates, the bond market is the ultimate driver of most borrowing costs. And it’s now showing its power, as a two-month jump in yields threatens to wipe out all of 2015 returns in bonds globally…
Who Needs Fed as Bond Market Already Lifting Rates Far and Wide
