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Bond Expert: Thursday Outlook

Posted on June 26, 2008

Prices of Treasury coupon securities are posting mixed results in overnight trading as various markets react to the FOMC statement yesterday. The jury seems to be delivering a verdict that the FOMC has spoken strongly but has failed to carry a big stick. Against that background the yield curve has steepened overnight as investor concern deepens about the resolve of this Fed to fight inflation.The yield on the benchmark 2 year note is unchanged at 2.82 percent. The yield on the 5 year note has climbed 1 basis point to 3.54 percent. The yield on the benchmark 10 year note is higher by 2 basis po...

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fed , fomc , inflation , markets , trading , yield curve