Why did the long end climb after the hike: growth, debt, or a missing buyer? Settles
Does the Fed funds target, upper bound (FRED series DFEDTARU) read higher on its first observation after October 28, 2026 than on its last observation before it?
value after date > value before date => hike
Source: FRED, Fed funds target, upper bound (DFEDTARU)
- Growth: yields are catching up
- Debt: 99% of GDP, up from 35%
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