The Fed began selling bonds on it $9 Trillion dollar balance sheet. While this has been telegraphed for months, the bond market still sold off. The 10 year treasury rose to 2.93% which did caused selling in the indexes. This was short lived and was acerbated by the CEO of JPM comments that we are heading into a âhurricane and we need to batten down the hatchesâ. The last time we has such a brash off handed statement is was the 3rd week in March 2020 by Bill Ackman. (see below)
đFED SELLS BONDS*MARKET SHRUGS
đFED SELLS BONDS*MARKET SHRUGS
đFED SELLS BONDS*MARKET SHRUGS
The Fed began selling bonds on it $9 Trillion dollar balance sheet. While this has been telegraphed for months, the bond market still sold off. The 10 year treasury rose to 2.93% which did caused selling in the indexes. This was short lived and was acerbated by the CEO of JPM comments that we are heading into a âhurricane and we need to batten down the hatchesâ. The last time we has such a brash off handed statement is was the 3rd week in March 2020 by Bill Ackman. (see below)