What Now for Bond Investors: Despite a surprising (non) move by the Fed, rates are still heading up

摘要

BETWEEN TAPER TALK, A government shutdown and the doggone debt ceiling, it's been a topsy-turvy time for bond investors. Most suffered losses when the yield on ten-year Treasury bonds soared from 1.6% in May to nearly 3% in September, then fell back to 2.7% in early October (bond prices and yields move in opposite directions). Now, with Janet Yellen slated to take over as Federal Reserve chief in January, many market watchers expect little change in monetary policy until then.