Soft economic data from China revived global growth concerns and encouraged buying of government bonds, pushing yields lower.
Bond yields fell on Wednesday after soft economic data from China raised concerns about slowing global growth.Purchasing managers surveys showed manufacturing... Bond yields fell on Wednesday after soft economic data from China raised concerns about slowing global growth.Purchasing managers surveys showed manufacturing in the world’s second biggest economy contracted in May and the service sector expanding at its slowest pace in four months.
Markets are pricing in a 64.7% probability that the Fed will raise interest rates by 25 basis points to 5.25% to 5.50% after its meeting on June 14, according to the CME FedWatch tool. U.S. economic updates set for release on Wednesday include the Chicago Business Barometer for May, due at 9:45 a.m., and the April job openings report at 10 a.m. The Federal Reserve Beige Book of company anecdote will be published at 2 p.m. Eastern.
“At the moment, our baseline is that the Fed remains on hold at the June meeting, but there are clear risks of at least one more hike over the next two meetings.,” said the Deutsche team led by Amy Yang.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
All About the Soft Spot on Baby’s HeadWhat is that soft spot on baby’s head? When do soft spots close? Learn about fontanelles, including what to do if baby has a bulging fontanelle or sunken fontanelle.
Les mer »
Grant money for soft-story quake retrofit of Bay Area homes set to expireHomeowners in Oakland, San Francisco and Berkeley whose homes include a living space above a garage, known as a 'soft-story,' only have until Wednesday to apply for grants to fund a retrofit.
Les mer »
Princess Anne has soft spot for Prince Harry, but even she is furious: royal expertWhile the Princess Royal has typically had Harry’s back in the past due to a “soft spot” for her nephew, it is now claimed that even she has had enough.
Les mer »
So Long to the Khloe Kardashian and Tristan Thompson Soft Launch Rumors (for Now)The duo are just 'really really good at co-parenting,' a source told TMZ. Sure!
Les mer »
31 billionaires have more money than US TreasuryIf Congress doesn’t raise the debt ceiling by June 5, Treasury Secretary Janet Yellen warns the government will not have enough funds to pay all of the nation’s obligations in full and on time.
Les mer »
31 billionaires are worth more than the US Treasury has in cash | CNN BusinessCash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.
Les mer »