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


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.

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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.


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