30
May
2017
Bond Market Views on Growth and Inflation Today
Almost a year ago, the yield on the 10-year US Treasury hit an all-time low, falling to 1.36 percent, just below the previous all-time low of 1.39 percent, set in 2012. After the yield on the 10-year bottomed last summer, the yield drifted slowly higher until the election when, boom, it shot dramatically higher overnight. Investors were optimistic that the Trump administration might bring faster economic growth through a combination of… Read More