(Reuters) - A recent run of fairly robust economic data has reduced
market expectations for rate cuts and benchmark bond yields
have risen to four month highs, with the 10-year yield climbing
to 4.90 percent last week, its highest since late January.
Wednesday's release of minutes of the Fed's May 9 policy
setting meeting also weighed on rate cut expectations. Interest
rate futures signaled the implied chance of a single Fed ease
in 2007 slipped to 42 percent, down from the start of the month
when futures priced between one and two 25-basis point Fed rate
cuts by year-end.
Read more at Reuters.com Bonds News
market expectations for rate cuts and benchmark bond yields
have risen to four month highs, with the 10-year yield climbing
to 4.90 percent last week, its highest since late January.
Wednesday's release of minutes of the Fed's May 9 policy
setting meeting also weighed on rate cut expectations. Interest
rate futures signaled the implied chance of a single Fed ease
in 2007 slipped to 42 percent, down from the start of the month
when futures priced between one and two 25-basis point Fed rate
cuts by year-end.
Read more at Reuters.com Bonds News
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