US Treasury Yields float near multi-day top, Japan 10-year bond coupons jumped to the highest since 2016.China, Russia concerns join light calendar to test traders.remains sidelined, fading the week-start cautious optimism, as traders from Japan and the UK return from an extended holiday on Tuesday. Also weighing on the market’s mood could be the latest headlines surrounding yields and geopolitics, as well as inflation concerns.
Softer housing data from the US and downbeat inflation expectations joined the absence of Tokyo and London to portray the market’s corrective pullback on Monday. the US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve data, dropped for the third consecutive day to a two-month low near 2.34% by the end of Monday’s North American trading session.
That said, the CME’s FedWatch tool hints at 82% chance of the 75 basis points of a Fed rate hike during Wednesday’s monetary policy meeting. Also, the tool signals around 18% odds favoring the full one percent upside in the rate by the Fed. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »