If you believe inflation is coming there is a fortune to be made as people are dumping trillions into bonds expecting next to no long term inflation.
In thirty years .gov will be permanently closed because every work day will be a federal holiday.
;-)
Remember the good old days when you could earn 10% APR on a 90 day CD?
“a shift that’s driven up market rates in shorter maturities and put a check on longer-term inflation expectations”
The fed had shifted nothing.
It’s passions and fears that are causing the very slight changes in US bond yields.
Announcing they might increase 0.0% to 0.50% in 2023 signals they are going to keep the spigot wide open.
The Great Reset commith.