Tom Petruno reports in the November 14th Los Angeles Times that markets are throwing a wrench into the Federal Reserve’s quantitative easing (QE) plans. He writes, “The markets also have been throwing the Fed another curve: While the goal of QE is to keep longer-term interest rates depressed, market yields on Treasury, corporate and municipal bonds jumped at the end of last week even as the Fed’s Treasury-purchase program ramped up. The 10-year T-note yield rose to 2.75% on Friday, up from 2.65% Thursday and the highest since mid-September.”

Although the goal of the quantitative easing program is to … Continue Reading