21st September 2023

  • US Two-Year Yields Hit 17-Year Peak on Fed’s Higher Rates Mantra

Five-year Treasury yields also reach a new multiyear high

Swap contracts reprice toward latest dot-plot projections

https://blinks.bloomberg.com/news/stories/S1AYBHT1UM0W

  • Bond Traders See Yields Marching Higher as Fed Message Sinks In

Most in MLIV Pulse survey say bond yields haven’t peaked

Half expect Fed to hold its key rate at peak until late 2024

https://blinks.bloomberg.com/news/stories/S1B5KCT1UM0W

  • Fed Leaves Rates Unchanged, Signals Another Hike This Year

Projections show half-point less easing expected in 2024

Powell says “soft landing” is not Fed’s baseline expectation

https://blinks.bloomberg.com/news/stories/S1AW9RT0G1KW

  • Fed Signals Higher-for-Longer Rates With Hikes Almost Finished

Powell stresses ‘careful’ approach in Wednesday press briefing

Officials now see less easing next year than they anticipated

https://blinks.bloomberg.com/news/stories/S1AV0XT1UM0W

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