Treasury yields were broadly higher Monday morning, led by advances in 5- through 10-year rates, as investors wait to hear how much the U.S. government needs to borrow during the fourth quarter.
Read: How Much Does the U.S. Need to Borrow? We’re About to Find Out How Many Bonds Treasury Needs to Issue. Tuesday brings the latest monetary policy decision from the Bank of Japan, which has the potential to affect the fixed-income market if the central bank makes adjustments to its yield-curve control policy.
Markets are pricing in a 98.2% probability that the Fed will leave interest rates unchanged at between 5.25%-5.5% on Wednesday, according to the CME FedWatch Tool. The chance of a 25-basis-point rate hike to a range of 5.5%-5.75% by December is seen at 24.5%, though that may change depending on what Fed Chair Jerome Powell says during his post-meeting press conference.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »