(Reuters) - A larger-than-expected 10,000 rise in weekly data for
jobless claims benefits fueled hopes that the Federal Reserve
would trim interest rates later this year, lifting
shorter-dated Treasuries which are more sensitive to the
market's outlook on Fed policy.
"It was a little higher than expected," John Jansen,
director of fixed-income sales at CastleOak Securities in New
York, said of the latest claims report. "There's a bit of risk
aversion going on."
Read more at Reuters.com Bonds News
jobless claims benefits fueled hopes that the Federal Reserve
would trim interest rates later this year, lifting
shorter-dated Treasuries which are more sensitive to the
market's outlook on Fed policy.
"It was a little higher than expected," John Jansen,
director of fixed-income sales at CastleOak Securities in New
York, said of the latest claims report. "There's a bit of risk
aversion going on."
Read more at Reuters.com Bonds News
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