BNP Says Hurricane-Related Data Disruption Unlikely to Be Resolved Before Fed December Meeting

BNP Says Hurricane-Related Data Disruption Unlikely to Be Resolved Before Fed December Meeting

BNP said they see data likely to be disrupted by the hurricanes, and the uncertainties surrounding the inflation outlook are unlikely to be resolved before the December Federal Reserve meeting, but the “committee is sending a fairly strong signal that they could look through the data disruptions as the majority continue to expect one more hike this year,” they said. Admittedly, BNP said they feel nervous about their forecast for […]

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Treasuries End in Full Bear Flattener After FOMC Seen as Hawkish

Treasuries End in Full Bear Flattener After FOMC Seen as Hawkish

After opening in the usual holding pattern with 10Y yields just inside the 100-day moving avg of 2.24%, Treasuries ended in a full bear flattener after a “hawkish” FOMC announcement. Prior to the announcement, Treasuries were confined to a tight range with small real money short cover spotted in December 10Y on the open followed by small trading type accounts doing 5/30Y steepeners while real money sold MBS to buy […]

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