At the start of the year, the Fed was expected to cut rates to almost 3 per cent and now is expected to raise them to 4.75 per cent.

This is a pretty startling change, even to my uninitiated eye. I still don't get bonds. I mean, I know what they are and roughly the role they play in the economy, but something about their backwardness makes them very difficult for me to think about.

Stacker_Stocks

econ

Why Are Bond Yields Suddenly so High?! (FT, Chris Giles)

denlillaapan

> At the start of the year, the Fed was expected to cut rates to almost 3 per cent and now is expected to raise them to 4.75 per cent.

This is a pretty startling change, even to my uninitiated eye. I still don't get bonds. I mean, I know what they are and roughly the role they play in the economy, but something about their backwardness makes them very difficult for me to think about.