05.06.2014 - How The Fed Dictates Oil Prices
Think interest rates are going to head higher soon with the Federal Reserve’s bond tapering program? Keep dreaming… The Fed is still buying tens of billions of dollars in bonds, which will continue to drive down rates. And the money supply is still increasing – just at a slower pace. So the 10-year U.S. Treasury bond – which is yielding just under 2.5% – is bound to head lower still. Of course, the United States isn’t the only country seeing lower rates…The bond yield in Germany and France is actually more than 100 basis points below the United States’ 2.5%...............................................Full Article: Source
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