Bond market continues restrained response to Fed’s hawkishness

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Short-end bond yields edged greater Thursday, because the U.S. greenback moved extra forcefully in response to the hawkish message coming from the Federal Reserve.

What’s occurring
What’s driving market

The motion in bonds didn’t match the volatility seen in shares ES00 and the U.S. greenback DXY following the Fed’s determination to carry charges by a half-point and subject a dot plot of price forecasts above expectations. Fed Chair Jerome Powell pushed again on expectations of price cuts subsequent yr.

“Judging…

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