While you were sleeping: Fed signals patience

Wed, 27 Apr 2016

By Margreet Dietz April 28 (BusinessDesk) - US Treasuries and Wall Street moved higher after US Federal Reserve policy makers kept their target interest rate on hold and said they will raise rates only at a “gradual” pace if needed. “There is no smoking gun in the April statement to suggest that the Fed will hike rates in June,” Gennadiy Goldberg, a New York-based interest-rate strategist for TD Securities (USA), one of the 23 primary dealers that trade with the Fed, told Bloomberg. US Treasuries rose, pushing yields on benchmark 10-ye...

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