Bond Traders Clamoring, Bet the Fed Isn’t Done Yet
The world’s biggest bond market enters a potentially pivotal week with Treasuries regaining momentum as investors brace for signals from the Federal Reserve on its next crucial policy move.
Ten-year Treasury yields are coming off their biggest weekly drop since early June. Traders are betting the Fed isn’t done with stimulus even as last week’s release of the minutes from the Fed’s July meeting raised questions over the timing of any additional support for the economy.
While lawmakers are still struggling to agree on further relief measures, the focus will turn to Thursday’s speech by Fed Chairman Jerome Powell at the Kansas City Fed’s annual symposium. He’ll discuss the central bank’s long-awaited policy framework review, which is widely expected to lay the groundwork for a new inflation strategy. Traders are also looking for any hints on plans for the Fed’s bond-buying program. The upshot is that the days ahead could prove critical for interest rates, the economy and inflation.
“The fact that Powell is going to be speaking at Jackson Hole on the change in the Fed’s framework is really going to make it a potentially tradeable event,” said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets.
Source: Bloomberg
Trending Articles
by
on
Uber scoops Postmates for $2.65 billion in delivery
by
on
China’s Investment in Australia Falls to
by
on
This chart might have you rethinking investment
by
on
Twitter shares stumble after unprecedented hack
by
on
Shares of Boeing Co. BA, -3.47% rallied nearly 12%…
by
on
Crude Oil Prices Fall on Fears of Fresh Lockdowns
by
on
Gold soars to record high, stocks stay uncertain
by
on
Wirecard administrator sees interest from buyers
by
on
Gold Pierces $1,900 First Time Since 2011…
by
on
Shares of Hertz Global Holdings Inc…
by
on
Goldman Sachs confirms $3.9 billion settlement…
by
on
Fed warns stock market of a second recession if…
by
on
Big Tech’s big test arrives in the busiest…
by
on
What happens after the S&P 500’s best quarters…
by
on
Morgan Stanley posts record profit on trading boom
by
on
Dow surges 320 points, briefly retakes perch at…
by
on
Apple price target raised to $400 at Deutsche Bank
by
on
These 5 Giant Stocks Are Driving The U.S. Market…
by
on
Nasdaq earnings expected to benefit from tech rally
by
on
what’s in store for stocks through Election Day…
by
on
88 Stocks Moving In Friday’s Mid-Day Session…
by
on
Yuan surges as investors bet on China revival
by
on
Asian Stocks Are Mostly Down At The Start Of…
by
on
This ‘world-class disruptor’ is this the next Netflix?
by
on
JPMorgan Says Giant Volatility Product May Rise…
by
on
Nissan secures $7.8 billion from creditors…
by
on
Gold storms past $1,800 towards new record high
by
on
Airline Stocks Have Gotten Rocked by Coronavirus….
by
on
Ryanair to Cut Back Flights to Italy…
by
on
Nasdaq in record territory, techs rise, S&P 500 flips positive…
by
on
Alibaba says cloud unit to recruit
by
on
Closed Apple Stores could change iPhone buying…
by
on
The Nasdaq isn’t just beating the Dow and S&P 500
by
on
UBS tops forecast on investment banking results
by
on
Netflix pulled off a showstopper early…
by
on
Market’s hot streak is just beginning…
by
on
Why stocks don’t seem worried about COVID…
