Selling the Treasury and mortgage-back bonds on its balance sheet helps the central bank raise interest rates.
The market that sets the rate for the 10-year T-Note is betting that growth will continue and inflation won't last.
Those bonds have helped keep lots of money flowing into the economy. But now, the Fed is signaling that its going to taper off its monthly purchases.
After this week's global market crash, the credit market is showing signs of stress.
But that may not be signaling that the economic damage from the coronavirus will be as bad as the Great Recession.
A recent study shows mortgage refinancing spikes before economic recession.
If you want to know what's going on in this economy, the bond market is a pretty good place to start.
Investors would sign up to loan the U.S. government money for 50 or even 100 years.
While the U.S. waits on word of rate cuts, the global economy is seeing negative interest rates.