Stay Above the Interest Rate Fray
by Jeffrey R. Kosnett
Aug 26, 2021
2 minutes
Fixed-income veterans remember the 2013 "taper tantrum," when bond prices plunged after the Federal Reserve said it would scale back a massive bond-buying program.
This year, we are having the tantrum in reverse, a bond-buying binge that means bulls like me can claim victory. The surprisingly sharp downturn in medium-term and long-term interest
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