Rising Interest Rates and the Fed’s Red Ink
For more: http://nyti.ms/hYqHij
If Ben Bernanke were an investor, he’d be disappointed . The first chunk of the Federal Reserve’s $600 billion Treasury bond purchase program is in the red, thanks to rising yields. The central bank’s cheap financing makes outright losses unlikely, but Mr. Bernanke, the Fed chairman, could still face an image problem.