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What the Fed’s Great Unwind Means for Rates

The Beginning of the End of QE (“Quantitative Easing”). Its been well advertised the Fed will begin unwinding its $4.5 trillion-dollar balance sheet this month, initially by reinvesting a gradually smaller amount of Treasuries and allowing Mortgage-backed securities to mature without replacement in its massive portfolio. As such, October 2017 will go down in history […]

The Great Fed Unwind Begins

Last Week: Interest rates rose markedly and equities nudged slightly higher as tensions continued to escalate between North Korea and the rest of the world. The yield on the US 10-year Treasury note jumped to 2.20% from 2.06% the week prior as recovery from Hurricanes Harvey and IRMA continued. 1-month LIBOR rose slightly to 1.2372% […]