What You Don’t Know About Long Bonds
First-quarter 2014 U.S. Federal Reserve fund flow data tell the real story behind the decline in yields on U.S. Treasury bonds.
James Moore
December 17, 2025
A police officer stands outside the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Tuesday, Jan. 29, 2013. Federal Reserve Chairman Ben S. Bernanke’s latest round of bond buying will reach $1.14 trillion before he ends the program in the first quarter of 2014, according to median estimates in a Bloomberg survey of economists. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
