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government bond yieldsCNBC
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84% Informative
The Fed approved a half percentage point reduction in its baseline short-term borrowing rate last week .
The 10-year note yield, considered the benchmark for government bond yields, has leaped about 17 basis points since the Fed meeting.
Bond market professionals are writing off a good portion of the move as a makeup for markets pricing in too much easing.
Some experts interpreted the Fed 's focus on supporting the softening labor market as an admission that they're willing to tolerate higher inflation than normal.
Fixed income investors say they are lightening up on Treasury allocations as conditions remain volatile.
They think the Fed might not be done with big rate cuts.
The deficit is approaching 7% of gross domestic product, virtually unheard of during U.S. economic expansions.
"If we start to see that [yield] curve steepen, then we probably start to set the alarm bells off on recession risks".
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