Is the Fed's quantitative easing working?
Maybe....after the meteoric rise in 5 yr yields and interest rates on mortgages over the last 3 weeks, the 5 year bond yields are easing slightly back down to 2.54% from a closing high of 2.81%.
The big banks last moved their five year rates back when the yields were at 2.69% so does this mean rates may come down? I wouldn't bet on it just yet, but I think this means things will remain stable for the next few months. No drastic up or downs for now.
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