Treasuries End Lower
Treasuries fell as Federal Reserve Chairman Greenspan outlined a positive environment for stocks but an increasingly poor outlook for bond markets. Greenspan, though upbeat on the economy before congressional committees today, warned that the Fed would raise rates aggressively if needed to combat inflation. He indicated that the Fed may hike rates at the last four meetings of the year -- boosting the federal-funds target to close to 2.25%.
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.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Marc Faber Asked to Leave Sprott Board After Racist Report
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing