Plan That Vacation Carefully, Traders: Hectic Markets Await
A group of Chinese tourists bathe in the sea at White Beach in Boracay, the Philippines, on July 29, 2015.
Photographer: Sanjit Das/BloombergThis article is for subscribers only.
So much for the August doldrums. These days, any bit of information or news can change the Treasury market’s direction in minutes.
For the past six years, a Federal Reserve interest-rate hike wasn’t on anyone’s radar screen. Now, even minor data points are provoking outsized reactions given a real possibility the central bank may raise rates next month for the first time in almost a decade.