Bond markets are uncertain about how long high rates will last, with traders betting on a higher long-term funds rate than the Fed. The neutral rate shift may limit gains in Treasury bonds, leading to a prolonged period of high rates.
The long (2020–present) bear market in longer-dated Treasuries is due to much higher real (ex-inflation) interest rates. At 2.0% currently, they are right where they were from 2003–2007.
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How Long Can High Rates Last? Bond Markets Say Maybe Forever Another title for this could be “Nobody knows but everyone has a strong opinion” 😉 https://t.co/SWl0KkMfqZ
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How Long Will High Rates Last? Bond Markets Say Maybe Forever. Traders bet on a higher long-term funds rate than Fed. Neutral rate shift sets up a limit to gains in Treasury bonds. https://t.co/ZHaNAhKf47 https://t.co/muqJGsaey6
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