Market Continues to Converge With Fed's Forward Guidance
Marc Chandler
June 30, 2023
Overview: A key development in recent days has been
the market's convergence with the Federal Reserve's forward guidance regarding
scope for two quarter-point hikes in the second half. The US two-yield is up
about six basis points today, extending yesterday's 15 bp increase. It is
approaching 5%. The Fed funds futures strip implies on…
Market Continues to Converge With Fed's Forward Guidance
Reviewed by Marc Chandler
on
June 30, 2023
Rating:
![Market Continues to Converge With Fed's Forward Guidance](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQe9a50xToufC8kWit2GazilxyZE8cMYBgiL4UE8mgX1dJE7gAQTAlc4mv3U35oM7_TR4cYv9Y4SIIng4ryA9Q_DIVHt_aCmwGFExvJsKvPnck2S-Ij-HOsKMYhvHrjmv18BEWaaOo-MjidLgQojKkKlWug-5D17p1kcZ5MJxHSeIa8WBUtolvs2blsAKO/s72-c/Fri%202.jpg)