When Fed Gov Brainard Talks, Markets Listen! Brainard Says Fed Will Shrink The Balance Sheet At A Rapid Rate (10Y Treasury Yield Rises 16 BPS As Nasdaq Falls 300 PTS) Mortgage Rates Will SOAR!!
by confoundedinterest17 When Federal Reserve Governor Lael Brainard speaks, markets listen Federal Reserve Governor Lael Brainard said the U.S. central bank will continue to tighten policy methodically and shrink its balance sheet at a rapid pace as soon as May. Brainard’s hawkish remarks sent bond prices crashing and 10Y bond yields up over 16 bps. While Bankrate’s 30Y mortgage rate is … Read more