### Comment:
To his defense, when fed raises rates, that increases the cost of borrowing. So, more interest to be paid on notes. Which means less revenue for companies who use debt to finance operations. 
  
 Fed jumped the gun on rates but they need to raise them in case we hit a recession... That way we can ease the fed funds rate down to balance the economy. Bonus point if you can tell me why the 10year yield and 1 year yield are important.

### REPLY:
inflation? risk?  
  
 if the curve goes upside down where the the 1 year curve is more expensive then the 10 year curve that means that there is a lot of uncertainty in the market

### END.