Rates Spark: Bear with me
(MENAFN - ING) Overnight: markets shrug the Fed With the US Treasury sell off accelerating in the US and Asia sessions, and 10Y last around 1.3% in yields, the focus is increasingly on the Fed to provide some reassurance that it won't seek to tighten policy aggressively in the face of faster inflation. The messages overnight were mixed on that front. Mary Daly of the San Francisco Fed did what many in the market hoped: dismissed fear of policy tightening stressing how it would hamper job creation. Esther George also struck a dovish tone characteristic of Fed officials of late but did not exp...
Source: menafn.com