By: Russ Kamp, CEO, Ryan ALM, Inc.

If only I had waited an hour or so to introduce our weekly Treasury Yields update, I could have captured the dramatic move up in rates today, particularly in the short- to intermediate areas of the curve.

The following information is provided by the WSJ as of 1:27 pm.

When I mentioned the recent rollercoaster ride experienced by U.S. Treasury yields, I wasn’t anticipating such a quick reversal, but here we are. As I mentioned in a LinkedIn.com post earlier today, I suspect that the FOMC committee has taken notice of the CPI “surprise”. Although we don’t forecast rates, it appears more likely that the Fed Fund’s Rate will be adjusted higher in December.