Here's a little gold puzzle for you to ponder as you're getting ready for the weekend. See if you can figure it out.
In May, when the Federal Reserve first started talking about reducing its $85 billion monthly purchases of Treasuries and mortgage-backed securities, yields jumped, to 2.72% in early July from 1.64% on May 1 for the 10-year note, and to 3.68% from 2.83% for the 30-year bond.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Paul Volcker said he wasn’t involved with writing the final version of the rule that bears his name.