Bond Report: Bond market continues restrained response to Fed’s hawkishness

0
17

Short-end bond yields edged higher Thursday, as the U.S. dollar moved more forcefully in response to the hawkish message coming from the Federal Reserve.

What’s happening
What’s driving market

The action in bonds didn’t match the volatility seen in stocks ES00 and the U.S. dollar DXY following the Fed’s decision to lift rates by a half-point and issue a dot plot of rate forecasts above expectations. Fed Chair Jerome Powell pushed back on expectations of rate cuts next year.

“Judging…

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleMusk says he’s taking ‘legal action’ on Twitter account tracking his plane
Next articleEuropean Central Bank hikes interest rates by 50 basis points

LEAVE A REPLY

Please enter your comment!
Please enter your name here