The Taper is Coming! HOLD OR SELL?
@MillionaireTiger:
The 10-year Treasury yield tacked on another 1.7% as $TNX$ reached nine-month highs. The Federal Reserve’s latest meeting minutes indicated that the central bank has considered shrinking its balance sheet once it raises rates later in 2022. The Fed Prepares to Raise Rates The Federal Reserve is feeling confident about the state of the economy. According to its own Fed Minutes, released today, America’s central bank is looking to accelerate its plans for interest rate hikes and balance sheet reduction. Some officials also thought the Fed should start shrinking its $8.76 trillion portfolio of bonds and other assets relatively soon after beginning to raise rates, the minutes said. Investors would see the move as another way for the Fed to tighten financial conditions to