cyclingscholar

Longer-term Treasurys are sinking in the wake of the Fed statement: 30-year yield now +0.08 to 4.41%; 10-year +0.08 to 3.55%; 5-year +0.05 to 2.4%. Dollar moves lower against a few partners: now -0.9% against euro, -0.9% against pound, -1% against Swiss franc, +0.7% against yen.

WONDERFUL. Lower rates for promiscuous borrowers and folks who already have run up too much credit card debt. HIGHER rates for companies borrowing long term to develop new products and technologies. All praise and worship the Fed and the Manchild.