U.S. Bonds Sell-Off Mirrors Alan Greenspan's 1995 Soft Landing As Two-Year Yields Surge

Benzinga 2024-10-23

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U.S. government bonds have experienced a significant sell-off as the Federal Reserve initiated interest rate cuts for the first time since 2020. Two-year yields surged thirty-four basis points since the Fed's reduction, mirroring trends from 1995 when Alan Greenspan navigated a successful soft landing. Current market conditions suggest that rising yields reflect decreased recession risks and robust economic data, leading to expectations of a slower pace of rate cuts.

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