Market Volatility Spurs Fed to Recalibrate its Hiking Path
Last Week: Interest rates and equities were mixed amid light holiday trading that saw a continued, rare simultaneous sell off in stocks, bonds and commodities. The yield on the benchmark 10-year US Treasury note declined 5 basis points to 3.04%, while 1-month LIBOR rose slightly to 2.3218% from 2.3000% the week prior. Oil fell below […]