After the strong jobs report, Yardeni thinks more rate cuts risk a "1990s-style meltup scenario."
But he said the mistake was "not one of great consequence.”
Bets on fed funds futures are calling for a 25-basis-point cut in November.
The job numbers highlight the market's unrealistic expectations for Fed rate cuts, the economist said.
The Treasury's move to reintroduce the 20-year in 2020 hasn't panned out as hoped.
Fed watchers are now turning their sights to policymakers' November meeting.
The volume of refinancings last week was nearly three times higher than a year earlier.
High yields have continued to lure money to the funds despite mandatory liquidity fees.
The higher expense ratio of private investments shouldn't dissuade investors.
Money markets imply a one-in-three chance the Fed will deliver another half-point cut in November.
The Standpoint Multi-Asset Fund makes the case that they are.
The remarks left open the question of how policymakers will approach interest-rate cuts in the coming months.
The muni market is poised to see a gain of 0.9% during the month.
Treasury yields and the dollar fell on expectations the figures will keep the Fed on track for more rate cuts.
But buyers waiting for mortgage rates to drop much more may be disappointed.
The bonds are exempt from taxes in a state with one of the highest levies in the U.S.
The rate cut was a key victory for the Fed chair as he tries to prolong the nation's economic expansion.
What should clients do with their cash now that interest rates have fallen?
Amid lower mortgage rates, borrowers are flocking to shave thousands of dollars off annual payments.
Researchers are concerned about the impact of climate change on bond markets.