Scant Signs of Inflation Imply Only Two More Fed Hikes This Year
Last Week: Interest rates were mixed as equities showed a solid advance. Yields on US 10-year Treasury notes were unchanged at 2.96% – despite topping 3% once again mid-week – while 1-month LIBOR declined to 1.9187% from 1.9285% the week prior. Oil hit $71.17 – its highest level since December 2014 – while the US […]