Treasuries Rebound after FOMC Report

Treasuries breathed a sigh of relief following the benign FOMC statement

The FOMC's policy statement did not spook the markets Tuesday and Treasuries breathed a sigh of relief into the close. With no change in either the risk assessment or the time-frame of accommodation, Treasuries rebounded from early lows suffered as some took out insurance against a more hawkish outlook.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.