Federal Reserve Chairman Jerome Powell speaks during a meeting of the Economic Club of New York in New York City on Oct 19, 2023.
Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors. "That's the question that investors are going to be asking themselves while watching yields - the information we get between now and the end of the year on yields and economic data as it relates to recession is going to drive the tape."
Longer-dated yields fell and the 10-year Treasury yield was down on the day after a US$40 billion auction analysts viewed as acceptable given the increased size.
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STI back above 3,100 after US Fed surprise pause on rate hikepstrongIt gained 2.7% last week./strong/p pSingapore stocks closed higher last week, with STI rallying 2.7% to 3,143.66 following the surprise move from the US Fed to keep its overnight interest rate unchanged./p pIn the same week, the FTSE ASEAN Extended 60 Index gained 1.8%.
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