Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Treasuries End Higher on Rate Hikes


Short covering and month-end adjustments underscored the rally ahead of the Federal Open Markets Committee meeting. The Fed's policy-making arm raised its target for the federal funds rate by 25 basis points to 1.25%. The 25-basis-point rate hike was widely discounted and many see that rate headed to 2.25% by the end of this year or early next year.

The committee said it would maintain an accommodative stance that will provide "measured" rate hikes in the future. Still, they indicated they will respond to economic changes to maintain price stability. They also said the recent rise in inflation was transitory. The curve, nonetheless, steepened, as the front end breath a sigh of relief.

Traders look ahead to Friday's Nonfarm Payroll for clues about future Fed moves.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus