WisdomTree Blog

Since the beginning of the year, longer-term interest rates in the U.S. have risen considerably—mostly driven by the expectation that the Federal Reserve (Fed) would begin tapering its quantitative easing (QE) program. At its December meeting, the Fed did indeed announce it would begin scaling back purchases of both mortgage-backed securities and U.S. Treasury bonds by $5 billion a month and now would be on track to end its asset purchase program by the end of 2014—assuming no drop-off in economic performance in the coming months.

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