Treasuries Tumble on FOMC Comments
The early rally became a memory once the FOMC released its rate policy statement, eliminating "considerable period" in favor of being "patient" and changing almost all the important wording. No one expected the Fed to do this, and the reaction was massive selling -- the likes of which the Street had not seen in a while.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.