Fed to Market: Long-Term Rates Can Go Even Lower - CNBC
If you're looking to judge the success of the Federal Reserve's latest monetary policy initiative, look at the Treasury market, not the stock market.
Those wondering how low interest rates could go on two-, ten- and even 30-year Treasurys could go, now you have an answer.
"Lower than anyone thought 24 hours ago," quipped Jim Awad, managing director at Zephyr Management. It creates "a rally in the Treasury market from here." ...
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