Global Macro: Rising Treasury Rates an Overreaction to Fed
Expect the U.S. yield curve to flatten in the following weeks, especially if inflation expectations fail to begin their ascent.
When Bernanke began to target long-term rates and mortgage-backed securities in 2012 to spur investment, homebuilders stocks got a major boost. Declining mortgage rates and an improved labor market led to more housing demand.Follow @AndrewSachais This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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