Bond Traders Confront Fears in Week That May Change Everything
- U.S. 10-year yield remains above 2.4% after doomsday warnings
- Hurdles ahead: Fed chair pick, FOMC, refunding, jobs data
Powell Talk Stymies Dollar as Fed Pick Nears
This week is fraught with peril for Treasuries traders, no matter if they’re bulls or bears.
The next five trading days will bring a torrent of market-moving information: President Donald Trump is poised to finally announce his nominee to lead the Federal Reserve; U.S. central bankers have an interest-rate decision to make; the first possible charges from special counsel Robert Mueller’s probe into Russian meddling in the 2016 presidential election; a House committee is set to release a tax bill; and the Treasury will unveil plans to issue more debt to make up for lost funding from the Fed. Oh, and investors will also get the latest reading on the nation’s job market and the central bank’s preferred inflation gauge.