While you were sleeping: Treasuries rally as Fed’s in no rush

Wed, 23 May 2018

By Margreet Dietz May 24 (BusinessDesk) - US Treasuries climbed while Wall Street was mixed, giving up some of its earlier declines, as Federal Reserve policy makers signalled the pace of interest rate hikes is unlikely to accelerate soon. Minutes from the Federal Open Market Committee’s May meeting, released on Wednesday, underpinned bets that policy makers will hike at the June meeting but also eased concern they are planning more than the three increases they have flagged for this calendar year. Consensus is split between two or three...

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