federal reserve

How the Fed screwed up the bond market – Jeff Cox

Live by central bank liquidity; die by central bank liquidity. That could well become the mantra for a bond market that, after years of support by theĀ Federal ReserveĀ and its global counterparts, now finds itself suffering under the unintended consequences of the trillions in easing distributed to allay the fears of a market in crisis. “Liquidity,” in fact, is the word …