Dossier
central-bank credibility shock
Coverage of central-bank credibility shock in the Nexus archive.
- Bond markets flinch at Fed’s non-guidance
US long-term borrowing costs reached their highest level since 2007 as investors reacted to Federal Reserve Chairman Kevin Warsh's reduced guidance strategy. Yields on 30-year Treasury bonds hit 5.24% after the Fed meeting, leading to market declines in stocks and the dollar, which Bank of America described as a 'central-bank credibility shock.'