3:38 pm - Treasuries Post Strong Gains: Treasuries slipped off their best levels following today's FOMC rate decision, but still finished with solid gains. Maturities across the complex ticked to their best levels of the session ahead of the FOMC decision, but saw some selling as the Statement indicated the Committee could increase or decrease its bond buying as conditions warrant. The long bond finished with a gain of almost one full point and maturities acrossMore...
Apr 11 2013 - Rate Brief
Treasury yields have pulled back aggressively from their mid-March highs as worries over Cyprus and an onslaught of disappointing data sparked a fresh round of safe-haven buying. The benchmark 10-yr yield fell 40 bps, bottoming at 1.68% before some recent selling pressure has made for a run to 1.80%. That region will be under careful scrutiny over the coming days as resistance in the area is helped by the 100-day moving average.May 1 2013 - The Fed Remains Dovish (No Surprise There)
The Fed Remains Dovish (No Surprise There)
The Federal Open Market Committee concluded its two-day meeting with a directive that was both bold and banal. In other words, it was a typical statement that need not be overanalyzed. The Fed has been dovish, is dovish, and will remain dovish for some time. That is ultimately a supportive stance for the equity market, assuming of course there isn't a loss of faith in the ideaMore...
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