Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Indexes  >  Nikkei 225    N225   JP9010C00002

NIKKEI 225 (N225)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisHeatmapComponents 
News SummaryAll newsNews of the components ofTweets

BOND REPORT : Treasurys See Muted Trade After Fed Minutes Point To Rate Hikes Amid Low Inflation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2017 | 10:03pm CEST

By Sunny Oh

Minutes show Fed concern about low inflation readings

Treasurys saw subdued trade on Wednesday, keeping yields in check, after the release of minutes from the Federal Reserve's September policy meeting, which revealed that some members wanted to see further economic data before another near-term lift to rates.

Where are Treasury yields?

The 2-year Treasury note yield, the most sensitive to shifting expectations for Fed policy, rose to 1.520%, a fresh 9-year high. The benchmark 10-year Treasury yield ticked up to 2.346%, from 2.342%. Meanwhile, the 30-year bond yield fell to 2.876%, versus 2.880%.

What might drive markets?

The Federal Open Market Committee's minutes from September's gathering showed the majority of its members reported they were in favor of one more rate increase this year, and called for further rate rises. Tighter monetary policy can erode the value of government paper's fixed payments. Traders are pricing in an 87% chance of a quarter-percentage point rate increase in December, CME Group data shows (http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html).

See: December rate hike might not be automatic, minutes of last month's meeting show ()

But analysts said the minutes was more evenhanded than September's policy statement, as some members of the committee said the factors holding down inflation may not just be "transitory," offering justification for gradually raising rates.

What did market participants say?

"These Fed minutes are confusing and inconsistent. On the one hand, they argue that the slowdown in inflation may be more permanent. On the other hand, the minutes argue that more rate hikes are needed and coming," wrote Torsten Slok, chief international economist for Deutsche Bank.

What economic data is on tap?

Job openings in the U.S. dipped to 6.08 million in August, nonetheless close to the record high of 6.14 million set earlier in July. The number underscored the tightness of labor markets, which hit a 4.2% unemployment rate in September .

What are central bankers saying?

Which other assets were in focus?

The yen was up as the Nikkei, Japan's benchmark stock index, hit a 20-year high , in a sign that Prime Minister Shinzo Abe's policies might be finally pushing businesses to invest after core machinery orders jumped 3.4% in August. In commodities, gold futures fell, while crude futures stabilized . China also went ahead with its plans to issue a $2 billion dollar bond, with the sale expected to take place as soon as this month, reported Bloomberg News (https://www.bloomberg.com/news/articles/2017-10-11/china-is-said-to-meet-bankers-for-first-dollar-bond-since-2004).

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NIKKEI 225
01:15pDJRECKITT BENCKISER : Today's Top Supply Chain and Logistics News From WSJ
12:55p Kobe Steel's data fabrication leaves manufacturers scrambling
12:46p Factbox - Kobe Steel's data fabrication leaves manufacturers scrambling
12:06pDJASIA MARKETS : Hong Kong Stocks Drop Nearly 2% As Chinese Growth Slows
08:05aDJASIA MARKETS : China Stocks Extend Declines As Growth Slows; Nikkei Aims At Two-..
04:25aDJASIA MARKETS : Nikkei On Track For Another Two-decade High As Other Asian Market..
10/18 Europe's aviation agency advises against using Kobe Steel products
10/18DJASIA MARKETS : Chinese Stocks Log Mixed Finish As China's Party Congress Gets Un..
10/18 Nissan used uncertified inspectors even after misconduct found
10/18DJEUROPEAN MORNING BRIEFING : Stocks Likely to Struggle Again
More news
News of the components of NIKKEI 225
07:11p TREND MICRO INCORPORATED : Digital Souks
06:50p TESLA'S MODEL 3 GETS AN 'AVERAGE' AS : Consumer Reports
06:04p MITSUI FUDOSAN : Halekulani set to expand in Japan with luxury hotel
05:19p NISSAN MOTOR : safety scandal widens as cases of misconduct discovered at three ..
05:15p TREND MICRO INCORPORATED : Achieves Perfect Score of 100 Percent Breach Detectio..
04:49p BRIDGESTONE CORPORATION : Releases 2017 Midterm Management Plan
04:49p CANON : Hits Major Production Milestone with EOS Series Cameras and EF Lenses
More news
Chart NIKKEI 225
Duration : Period :
Nikkei 225 Technical Analysis Chart | N225 | JP9010C00002 | 4-Traders
Technical analysis trends NIKKEI 225
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Heatmap :