Markets & Finance

Treasuries Jump on Hope for Tenth Rate Cut


Treasuries finished higher on hopes that Federal Reserve policymakers will cut interest rates for a tenth time this year. The short end of the Treasury curve benefited from a "safe haven" bid as the Argentine default concerns sent the broader emerging markets sharply lower, according to Standard & Poor's MMS.

More economic data released this weak could reveal signs of a prolonged recession and job losses, which also could strengthen Treasuries.


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus