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Taper Tantrum

A sharp rise in U.S. Treasury yields and market volatility triggered by announcements of the Federal Reserve reducing its bond-buying program. The term originated from the 2013 market reaction to tapering signals.

Example

In 2013, Ben Bernanke's hint that the Fed would slow bond purchases triggered the original taper tantrum, sending the 10-year Treasury yield from 1.6% to nearly 3%.