SCHQ - Measuring The Backup In Interest Rates - This Isn't The Same As 2016
Measuring The Backup In Interest Rates - Is This 2016?
Since early September, after enjoying a historic rally, long-term Treasury rates have become increasingly volatile, rising nearly 30 basis points on the benchmark 30-year yield.
Before deconstructing the move higher in Treasury rates, it is important to contextualize where we came from over the past two years, why Treasury rates declined so rapidly and what this increased volatility means going forward.
As a result of a massive shift from rate hikes and Quantitative Tightening "QT" to interest rate cuts and "New QE," Treasury rates plunged