(Bloomberg) -- Treasuries jumped the most since March after dovish comments from Federal Reserve officials and conflict in the Middle East fueled a flight to...
-- Treasuries jumped the most since March after dovish comments from Federal Reserve officials and conflict in the Middle East fueled a flight to safer assets.Yields on US 10-year notes fell as much as 18 basis points to 4.62% as the cash market reopened following a US holiday on Monday. Two-year yields slipped 16 basis points to 4.93% as investors boosted bets the Fed will keep interest rates unchanged through the end of 2023.
“The Federal Reserve is facing a complex situation, which might lead to keeping rates on hold at the next FOMC meeting,” Althea Spinozzi, senior fixed-income strategist at Saxo Bank A/S, wrote in a research note. “With events quickly escalating in the Middle East and the recent bond selloff pushing long-term yields to new multi-decade highs, policymakers will be reluctant to hike.”
A surge in bond yields over the past month and the outbreak of the Israel-Hamas conflict have emboldened traders to bet the Fed’s most aggressive tightening cycle since the 1980s may be over. Meeting-dated swaps show about a 65% chance the central bank will stay on hold in December — and they are even more confident the Fed won’t hike at any of the other gatherings through to mid-2024.
Fed Vice Chair Philip Jefferson said Monday that he would “remain cognizant of the tightening in financial conditions through higher bond yields” in assessing the future path of policy. Fed official Lorie Logan said the recent rise in long-term Treasury yields may indicate less need for the US central bank to raise rates again.
'The whole banking sector is uninvestable': Steve Eisman of 'Big Short' fame warns about mounting challenges for financial institutions. Here's what he's betting on insteadRRSPs become taxable upon retirement. You may wish to invest some of your money in a Tax-Free Savings Account, with stocks like Fortis Inc . The post The Sad Truth About Maxing Out Your RRSP appeared first on The Motley Fool Canada.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasuries Jump on Dovish Fed Comments, Middle East Conflict - BNN BloombergTreasuries jumped the most since March after dovish comments from Federal Reserve officials and conflict in the Middle East fueled a flight to safer assets.
Read more »
Oil prices jump as Middle East violence roils marketsOil prices jumped more than $3 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend...
Read more »
Oil prices jump as Middle East violence roils marketsExplore stories from Atlantic Canada.
Read more »
China opposes violence, attacks in Middle East crisisExplore stories from Atlantic Canada.
Read more »
China opposes violence, attacks in Middle East crisisExplore stories from Atlantic Canada.
Read more »
Hedge funds sell energy stocks before Middle East conflict - GoldmanGlobal hedge fund managers were selling U.S. stocks sensitive to commodities at an accelerated pace in the week ending October 6, according to a Goldman...
Read more »