Tag Archives: step-up bonds
Anxiety is building in the bond market — a sure sign that a good buying opportunity isn’t far off.
Traders were greeted this morning with the unpleasant news that import prices shot up 2.3% in September. If that pace kept up for a whole year, we would be looking at a 30% inflation rate in foreign goods. Shivers!
I haven’t talked much about step-up bonds lately. But it’s time to dust off the topic. Earlier this week, the Federal Reserve released minutes of its December policy meeting. Reading between the lines, it’s clear to me that several members of the Open Market Committee would like to quicken the pace of interest-rate hikes.