29
Aug
0 No comments

The long end of the yield curve continues to trend sideways after pricing in the first two increases in the Federal Funds Rate. The peaks and valleys you see since trading day 50 are headline driven events.

The two headlines the bond market is looking for are 1) the pace at which the Federal Reserve will change the level of the Federal Funds Rate and 2) the general level of economic activity here and abroad.

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