Author: Jeff Cox, CNBC

Federal Reserve Cuts Rates, but Treasury Yields Surge: What’s the Story? Recently, the Federal Reserve made a significant cut to interest rates, signaling a future of lower rates. However, the Treasury market seems to have its own ideas, with yields rising instead of falling, especially at the long end of the curve. Despite the Fed’s half percentage point reduction in borrowing rates, the 10-year note yield, a benchmark for government bonds, has jumped about 17 basis points since the Fed meeting last month. This unexpected trend has caught the attention of bond market professionals, who are trying to understand the…