- Following the knee-jerk reaction in the U.S. financial markets to the FOMC meeting last week, investors could be forgiven for thinking Powell & Co. had actually achieved their goal of not creating any issues to contend with.
- Since early March, the 10-Year TIPS yield has exploded by +132 basis points, and the absolute level is no longer negative, having crossed into positive territory to the tune of almost 25 bps as of this writing.
- With the Fed in just the early stages of its rate hike policy, investors may wish to consider USFR as their preferred rate-hedge tool of choice.
For further details see:
Float Like A Butterfly, Don't Get Stung By A Bee