Finding Value Amid Turbulence
Brown Advisory
DECEMBER 14, 2016
Finding Value Amid Turbulence achen Wed, 12/14/2016 - 11:16 The Federal Reserve on December 14 fell in step with a post-election surge in bond yields by raising the main interest rate for the first time in a year. The Fed’s quarter-point increase followed the biggest five-week gain in the yield of the benchmark 10-year U.S. Treasury in six years. The 10-year Treasury yield on December 12 broke through 2.5% for the first time since September 2014, pushed up by rising oil prices and expectations t
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