EconomyBond Traders Keep September Fed Hike Wager Near a Coin Toss After CPI
A $42 billion sale of 10-year US Treasury notes produced the benchmark securities’ highest yield since 2007. Investors still showed decent demand at the auction, even as they sought greater compensation for financing the US government. After the consumer-price data, bond traders continued to treat a September Federal Reserve rate increase as roughly a coin toss. The auction highlighted pressure for higher returns in government debt markets.
Bond Traders Keep September Fed Hike Wager Near a Coin Toss After CPI
