Rob Williams, managing partner and chief investment strategist at Sage Advisory, joins us and gives his take on what to watch during the earnings season.
Treasuries have been under pressure in recent days, with worries stemming from signs of a resilient US economy and rising speculation that former President Donald Trump will win the Nov. 5 presidential election and implement deficit-boosting policies. Yields on the benchmark 10-year rate rose to 4.26% on Wednesday, the highest level since July.
“The report contained nothing to dissuade the Fed from cutting rates in November but also did not signal any urgency to go beyond the 25 basis points that the market is currently still anticipating,” said Michiel Tukker, a rates strategist at ING.
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