Do you remember what sent the stock market into turmoil last week? A spike in wage data convinced investors that higher inflation was just around the corner, leading to a sell-off in a bunch of U.S. Treasuries. That convinced the stock market that higher interest rates were just around the corner, leading to sell-offs there too.
The Market For U.s. Debt Is Weirder Than You Think
The Week - Business, The Week: Business
Wed, 02/14/2018 - 3:45am
Topics: or jp morgan goldman sachs merrill lynch fed the federal social security reserves when answer fed when u.s treasuries treasury department congress i fed federal reserve chase bank america the fed the it market government system buy money stock rates account dealers economy create second-hand supposed tax gave corner job people borrows target pay rate separate creates
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