Recent Rise in Treasury Bond Yields and Market Expectations for Fed Rate Hikes

This chapter explores the recent increase in Treasury bond yields and how it is impacting the market. It discusses the initial concerns of a recession and credit crunch, but highlights the surprising resilience of the economy. The chapter also analyzes the connection between the rise in yields and positive reports on hiring and consumer spending, while mentioning the low odds of a Fed rate hike in November based on market reactions and futures.