Apollo Global Management's Torsten Slok attributed historic bond market volatility to Federal Reserve Chairman Kevin Warsh's abandonment of forward guidance, with 30-year Treasury yields swinging sharply. The lack of clear Fed communication is driving a 'yo-yo' effect in markets.
No BS check run yet — press ⚖ to extract this story's claims and verify them against independent sources.
Apollo Global Management’s Torsten Slok said the Federal Reserve’s abandonment of forward guidance is fueling historic bond market volatility, sending Treasury yields swinging “up and down like a yo-yo.”
Federal Reserve Chairman Kevin Warsh's decision to abandon forward guidance on monetary policy is driving bond market volatility, with 30-year Treasuries selling off after Wednesday's rate decision, according to Torsten Slok, chief economist at Apollo Global Management. He speaks on Bloomberg Television's "The Fed Decides." (Source: Bloomberg)