Following mixed signals from Fed officials about future easing, UST yields trended higher during this period as concerns over inflation lingered despite recent rate cuts; UST10Y climbed toward ~4.14% and UST2Y also rose, while long tenors like 30Y pushed toward ~4.75%, reflecting sell-off pressure and fading dovish relief. Fed’s Bostic and Musalem questioned the need for further cuts, suggesting inflation remained too elevated and risks skewed. The dollar weakened, gold hit record highs amid safe-haven demand, but bond market volatility rose as investors weighed upcoming core PCE inflation and Powell’s remarks for clearer signals on whether trajectory is toward further cuts or a cautious pause.
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