Fed’s yield-curve control isn’t for taming long bonds

By Brian Chappatta Benchmark 10- and 30-year U.S. Treasury yields soared to 12-month highs on Tuesday in a selloff steep enough to make seemingly invincible stock indexes shudder. Like clockwork, market chatter started up: What will the Federal Reserve do to stop this move? Will it institute yield-curve control? Take a deep breath. Now, to […]

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