The Bond Market's Angst: A Perfect Storm of Uncertainty In the world of high finance, rate hikes or holds by the Federal Reserve are typically straightforward.
Yet, despite the Fed doing exactly what Wall Street expected – holding interest rates steady at 3. 5 3. 75% – markets remain in a state of unease. The 30 year Treasury yield has breached 5.
1%, its highest level since late 2007, while 10 year yields have nudged over 4. 65%. This sudden bout of anxiety is puzzling.