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Fed ‘Third Mandate’ Forces Bond Traders to Rethink Age-Old Rules
Yahoo Finance·2025-09-16 18:00

While the rate-setting process around the Fed’s short-term target often takes the spotlight, it is longer-dated Treasury yields — set in real-time by traders around the world — that largely determine what Americans pay for trillions of dollars of mortgages, business loans and other debts.Still, some investors say the hyperfocus on long-term rates is enough for them to include the possibility of some type of action in their bond-market calculus. Others warn that the extent to which unorthodox maneuvers to ca ...