The Fed’s decision to do nothing puts a floor
under bond prices and indicates the bond
market sell-off may be over.
A sustained, longer-term rally seems unlikely
at this point since the Fed still seems poised
to remove bond accommodation and a
range-bound environment is likely to result
until further clues about the Fed’s next move
Economic data will likely hold the solution to
the Taper Caper.
Jason A. Jennings, CFP®
6 W. 2nd St.
Frederick, MD 21701
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