Originally posted at AgilityForex.com

Is the U.S. treasury market reading the tea leaves correctly? Today, the short end of the U.S. yield curve moved higher, signaling a rise in rates faster than most analysts are forecasting after the Fed released the FOMC minutes yesterday. Janet Yellen also jumped into the fray, saying that the Fed and the futures market were not that far off as far as the timing for a shorter term rate rise. The USD spiked higher in response to the Fed’s comments, also si...