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Data to Bolster Fed Confidence to Hike Twice More this Year

Last Week: Interest rates traded mostly flat as equities advanced on the week, underpinned by signs that trade tensions between the US and the European Union are easing, solid corporate earnings reports and upbeat US economic growth data. The yield on the US 10-year Treasury note rose 10 basis points to 2.96%, and 1-month LIBOR […]

Fed Derailed by Jobs Data?

Last Week: The highlight far and away was Friday’s jobs data, which came in lower than expected at 160K , with 19K of back revisions, versus a consensus of 200K, and versus a 203K average for Q1 2016. Treasury yields and the dollar nose dived after the news before rallying on the details of better wage […]