Bond Yields Higher as Another Rate Hike Signaled: Markets Wrap
- FOMC indicating odds of a July hike are more likely, BMO says
- Spirit Air rises in postmarket trading, JetBlue falls
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Yields on US Treasuries climbed while stocks slipped as traders digested commentary from Federal Reserve officials’ last meeting.
The S&P 500 closed down 0.2% following the release of the minutes of the Fed’s June meeting which indicated hawkish leanings from some voting members. In late trading, Spirit Airlines Inc. advanced 2.6% after JetBlue Airways Corp. said it was scrapping plans for an alliance with American Airlines Group Inc. to focus instead on its pending merger with Spirit. JetBlue shares slid 1.5%.