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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2335761, member: 71723&quot;]Remember, the Fed only directly controls a few interest rates, all of them EXTREMELY short term rates. When they did the 25 basis points bump in December, what happened to intermediate term rates? (10 years or so.) They went DOWN! The market sets the interest rate on 10-year Treasuries, and demand for them is UP, which drives the price UP and the yield DOWN. Last summer the 10-year T-bill rate briefly went over 3.0%. Now it&#039;s below 2.0%. Anyone interested in tying up money for 10 years at 1.98%? Apparently SOMEBODY sure is. They absolutely MUST disagree with stackers and bugs, or they&#039;d never do it.</p><p><br /></p><p>Even interest rates in a single country don&#039;t move in tandem. We sometimes have a negative yield curve in the U.S., meaning you can get more yield for shorter maturities than longer ones, but not lately.[/QUOTE]</p><p><br /></p>

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