I have wondered the same thing.martincmartin wrote: ↑Sat Jul 02, 2022 8:18 am In summary: what's the mechanism whereby the Fed raising rates affects Treasury rates
Another thing I have wondered is that the Fed appears to be telegraphing rates getting to the 3% - 3.5% range. What happens if the Fed raises them to say 3.5% and the market says, no we think it should be 3%. Can the market trade at a discount the Fed? Has it happened before?