From the Desk of Ian Culley @Ianculley
On Wednesday afternoon, the Federal Reserve announced another 75-basis-point rate hike following its September policy meeting.
Yields across the curve ripped, and Treasury bonds dipped.
What else is new?
An aggressive hiking regime has been the Fed’s modus operandi since March. And it’s made clear its intent to stay the course.
But what does the rest of the market think about the rise in rates?