Posted 10/6/2023, 4:13:29 AM
Bond Market in Chaos as Investors Panic Over Fed Rate Hikes and Recession Fears
- Fears stirred by the Fed have triggered panic among investors, leading to bond market chaos.
- The 10-year Treasury yield hitting 16-year high as markets adjust to high interest rates.
- Concerns about growing US debt and recession also contribute to unease.
- Investors panicked as they realized the Fed was not reacting to rising rates.
- Hopes for a Fed pause were dashed as Powell maintained rate hikes, sparking bond selloff.
