TREASURIES-Strong demand in 10-year auction, yields dip before inflation data

By Reuters

Yields have been rising as investors prepare for the likelihood that the Federal Reserve will hike rates more aggressively than previously expected as it tackles rising price pressures. Cleveland Fed Bank President Loretta Mester also said that inflation could ease later this year as some of the constraints on supply are resolved and the Fed removes some of the support it provided to the economy during the coronavirus pandemic. Fed fund futures traders are pricing in more than five 25 basis point interest rate increases by December, and a 27% chance that the first hike in March is by 50 basis points.

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Via:: Sports Headlines


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