has lit up odds that the Federal Reserve will hold off on raising interest rates at its meeting this month, a decision that would break a year-long string of aggressive hikes as investors recalibrate after the biggest bank failure since 2008.
US Treasury bond yields on Monday continued their steepest plunge since the global financial crisis, partially reflecting anticipation the Fed may hold rates steady at its March 21-22 meeting. The, which is sensitive to Fed-rate expectations, sank 49 basis points to 4.089%.
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SVB: Fed will be forced to surrender on rate hikes, says El-ErianThe Fed will be forced to surrender on rate hikes after SVB's failure, says top economist Mohamed El-Erian Does that mean corporate profits & socialized losses? Fed starts buying MBS? ZIRP, MMT? Woo-hoo. Bring back the good ol last 13 years. Life was fun & debt is meaningless. Print, print, print & spend spend spend. Life is good again!! this is totally stupid inflation is through the roof and you want to stop interest rate hikes that is asinine No, that's just good ole fashion manipulation being presented as a unified narrative by market players. There's no need to protect financial institutions from mismanagement, yet again. It would not only bail out poorly run institutions, it also creates a crisis of credibility.
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