Fed Cuts Two Key Rates By a Quarter Point

[Silverbird]

http://www.cnbc.com/id/21563241
By Reuters | 31 Oct 2007 | 02:22 PM ET
The Federal Reserve cut the benchmark federal funds rate rate by a quarter-percentage point to 4.5 percent to buffer the economy against a housing downturn and tighter credit conditions.

The central bank also cut the discount rate a quarter point

 

[FUTURESTRADER]

Bond yields pop??!!

 

[Frixxxx]

Bond yields pop??!!

http://www.reuters.com/article/marketsNews/idUKNYG00082320071031?rpc=44

 

[FUTURESTRADER]

I figured the yields would have fallen. I'm missing the correlation.

 

[Silverbird]

I figured the yields would have fallen. I'm missing the correlation.

I'm with you, Futurestrader.

 

[Birchtree]

Bonds are controled by the bond market - not related to the Fed short rates. Bonds are worried about the $4.15 price in crude oil as possibly inflationary.