Attention Economy


Friday, November 8, 2024

Policy Rates versus Bond Yields

Lower Rates, Rising Yields: What to Make of the Bond Market Right Now
https://www.nytimes.com/2024/11/07/business/bond-market-trump.html
Yields on government bonds — which underpin all kinds of borrowing in the economy — are rising. But the Fed is cutting rates. What gives? 

If the Fed Is Cutting Rates, Why Aren’t Mortgage Rates Falling?
https://www.wsj.com/economy/housing/mortgages-fed-interest-rate-cuts-7e5345b8
Consumer borrowing costs haven’t tracked the Fed since it cut rates by half a percentage point in September