Two-Year Treasuries Gain Following Release of Fed Minutes: ChartBy
Yields on Treasury two-year notes dropped after minutes from the Federal Reserve’s July policy meeting showed officials were divided on whether the job market would continue to strengthen and saw little risk of a marked pickup in inflation. Traders will now seek clues on the timing of the next rate hike from Fed Chair Janet Yellen’s speech at a meeting of global policy makers in Jackson Hole, Wyoming, later this month.
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