US 10-Year Yield: The Taper Clue That Led Investors Wrong

Category: Economy / Dec 19, 2013 5:16PM EDT

Alan Valdes, vice president of trading at DME Securities, weighs in on the Federal Reserve announcing plans to taper its $85 billion-a-month bond-buying program to $75 billion in January. Valdes also discusses the 10-year treasury yield and why some investors were surprised to hear the FOMC would scale back on stimulus.