The Fed does not set bond yields. It has influence, but not control. The longer the maturities the less influence it has.Robot Monster wrote: ↑Thu May 28, 2020 12:05 pm The government and corporations have taken on trillions of dollars of debt, and that is no problem because it costs very little to service that debt, since interest rates are so low. But if inflation picked up, and the Fed had to switch gears and start hiking up rates, would that not be a huge gut punch?
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PJW