Is "dove" Janet Yellen still around?
US dollar slips as bond markets question the hawkish Fed move
The FOMC decision to increase its Fed Funds target range by 25 basis points last night has resulted in markets whipping around. The Fed hike came with some hawkish tweaks to the dot plots and economic projections, however as the dust settles, the US bond traders have not been convinced and the dollar has suffered. The 10 year Treasury yield had a look at 3% and was unconvinced, falling back to 2.95% this morning. With shorter yields not dropping back as much, the yield curve subsequently continues to flatten, suggesting that bond traders are not convinced in the Fedís confidence for growth moving forward. This turnaround has resulted in some ... (full story)
- Posted: Jun 14, 2018 3:44am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 1,282