Friday, July 10, 2020 / by Erik Bjorklund
Fed Delivers. Bonds Surge
As far as the Fed is concerned, bonds don't have to stress out about rates rising too terribly quickly right now. Granted, they can only directly control the shortest-term rates, but they just pledged to keep buying as much of the longer-term stuff as they have been. MBS and Treasuries appreciate it, to say the least.
11:30-11:50 AM (ET)...