The Most Important Number of the Week Is 2.51

It’s no secret why the bond market is under pressure, translating into higher yields that ultimately push up borrowing costs for the government, companies and consumers. First, the inflation rate has risen more than most anyone expected and has failed to retreat as many anticipated would happen by now. As a result, the Federal Reserve is under pressure to boost its target interest rate three to four times this year, end its bond purchase program much sooner than it said it would and even start shrinking its $8.79 trillion balance sheet by selling the bonds that it holds into the market. If you’re a bond investor, this is the ultimate perfect storm. 


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