Taming an unpredictable yield curve

And BlackRock Inc, for one, is sceptical that the Fed will go out on a limb with a specific level until more drastic action looks needed.

NEW YORK: The Treasury yield curve’s uphill sprint has faltered as investors contemplate just how the Federal Reserve might want to check its progress.

Investors are wading into the central bank’s debate over a possible return to the 1940s-era policy of yield-curve control to cap borrowing costs as the economy recovers.