Memo From the Chief Economist

Memo From the Chief Economist

Why The Bond Rally Has Sputtered

The rally has hit the pause button - but history suggests yields are bound to fall

David Rosenberg's avatar
David Rosenberg
Sep 30, 2024
∙ Paid
1
Share

The question I’m getting asked the most these days is: “How is it possible that the 10-year T-note yield has backed up +10 basis points after the Fed’s jumbo cut back on September 18th?”

And the answer is this:

Keep reading with a 7-day free trial

Subscribe to Memo From the Chief Economist to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Rosenberg Research
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture