Journal Article

Miscommunication shook up mortgage, bond markets


Abstract: What the Fed said last year it could do if deflation surfaced was one thing. What the markets heard was another. The result was mania in the bond and mortgage markets.

Keywords: bond markets; Mortgages;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2004

Issue: Apr

Pages: 4-9