10 & 30-Year Yields Surge, Yield Curve “Steepens,” Stocks Drop, as Fed Talks Up Rate Hikes in 2019
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Ironically, after having lamented the flattening yield curve for a year, soothsayers are now lamenting the steepening of the yield curve. On Friday, capping a rough week in the US Treasury market, the 10-year yield closed …