Bond yields were a tad higher early Tuesday, with trading subdued as investors waited for the Federal Reserve's policy decision midweek.
Bond yields were a tad higher early Tuesday, with trading subdued as investors waited for the Federal Reserve’s policy decision midweek.
Yields have crept up in recent weeks as oil prices climbing to 10-month highs and some stronger-than-expected economic news have raised concerns about revived inflationary pressures. The chances of a 25 basis point rate hike to a range of 5.50 to 5.75% at the subsequent meeting in November is priced at 31%, down from 41% a week ago.
U.S. economic updates set for release on Tuesday include housing starts and building permits for August, due at 8:30 a.m. Eastern.What are analysts saying Alex Pelle, U.S. economist at Mizuho, said that investors will be paying particular attention on Wednesday to the Fed’s Summary of Economic Projections and the dot plot of expected interest rates.
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