Summary List Placement
The Treasury market has made it clear: the Federal Reserve is a downer.
Optimism toward the US economic recovery flourished over the past week. Daily COVID-19 case counts fell further from their January peak. Vaccinations continued across the country, hinting the pandemic could fade in just a few months. Economic data beat expectations. And Democrats pushed forward with President Joe Biden’s $1.9 trillion stimulus proposal, aiming to accelerate the rebound even more.
And yet, these encouraging developments fueled a sudden shock in the Treasury market.
Investors looking to capitalize on a swift recovery dumped details ⇒
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