Markets & Finance

Treasuries Trade Mixed

From Standard & Poor's Equity ResearchTreasury prices were mixed Monday. The 10-year Treasury note was flat at 102-26/32 for a yield of 4.401%, while the 30-year bond was higher at 105-03/23 for a yield of 4.684%.

Action Economics reports that Fed funds futures have continued to leak lower this morning as traders adjust positions ahead of Wednesday's announcement. The market has already taken out risk of another big rate cut Wednesday and has reduced the chance for another easing at the December FOMC meeting to about 68% from from about 92% following weaker than expected housing data and after the dive in stocks after the Merrill Lynch profit woes reported last week. Gains in equities, signs of little spillover to the overall economy from the housing and financial market turmoil, and concerns over rising inflation are also contributing to profit taking pressures in Fed funds futures.

Toyota's Hydrogen Man

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

blog comments powered by Disqus