Markets in Chaos: A Tale of Rearranging Deckchairs on the Titanic The bond market's reaction to the Treasury Department's intervention has been a wild ride.
On Wednesday, the department announced it would increase its purchases of longer term bonds, sending yields plummeting.
However, by Thursday, those gains were erased as bond yields shot back up to their highest levels in days. Investors and experts are scratching their heads over the potential consequences of Treasury's actions.