Fed's December minutes contained less new information than initially thought, says FHN Financial's Chris Low. He and others say yields are set to move higher...
In a somewhat sedate next-day reaction to the Federal Reserve’s December meeting minutes, bond traders took in the notion of a more aggressive Federal Reserve prepared to swiftly abandon easy policy.
Not even Thursday’s remarks by Federal Reserve Bank of St. Louis President Jim Bullard, who said the first rate hike could come as soon as March, caused much of a ripple in markets. Meanwhile, analysts continued to brace for the likelihood of higher Treasury yields in 2022. FHN Financial sees Treasury yields continuing to rise, with the 10-year rate TMUBMUSD10Y, 1.727% climbing to as high as 1.85% by year-end, the 30-year rate TMUBMUSD30Y, 2.083% at 1.92%, and the 5-year rate TMUBMUSD05Y, 1.470% at 1.7%, Low said.
“In general, despite the perception of yesterday’s FOMC minutes, the nominal bond market’s reaction today has been very muted as we await tomorrow’s payroll number,” Faranello said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York Fed index: Global supply pressures may be nearing peakGlobal supply chain pressures, which are at historic highs and have prompted high inflation, may have peaked, Reuters reports, citing a new index rele
Read more »
Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability RisesBitcoin defends range support as Fed funds futures price in 61% probability of a March rate hike. Reports godbole17
Read more »
Treasury Yields Fall as Investors Await Fed Meeting MinutesU.S. Treasury yields fell on Wednesday morning, with minutes from the Federal Reserve’s December policy meeting due out later in the day.
Read more »
Stock Futures Waver Ahead of Fed MinutesU.S. stock futures wobbled as investors awaited minutes from the Federal Reserve’s recent policy meeting in the hope of gleaning fresh clues about plans to wean markets off pandemic-era stimulus measures.
Read more »
Futures subdued as tech stocks extend fall; Fed minutes awaitedU.S. stock index futures were subdued on Wednesday ahead of minutes from the Federal Reserve's December meeting, even as big technology stocks continued to fall, with Salesforce.com declining after a brokerage downgrade.
Read more »
Wall Street futures mixed ahead of Fed meeting minutesEuropean stock indexes rose after a shaky start on Wednesday and Wall Street futures were mixed, as the optimism with which markets started the year showed some signs of waning while investors waited for key Federal Reserve meeting minutes to be released.
Read more »