Treasuries Are Still In a Class of Their Own Despite Fitch Cut
US sovereign rating may have slipped but Treasuries remain a buy. That’s the prognosis of strategists.
US sovereign rating may have slipped but Treasuries remain a buy. That’s the prognosis of strategists.
Fitch downgraded the US government's top credit rating Tuesday from AAA to AA+ and provoked widespread response in Washington.
Austan Goolsbee said that he hasn't made up his mind about whether to raise interest rates or stop hiking at Fed's next policy meeting in September.
Yields on 10-year Treasuries may fall as much as 150 basis points before end of next year as Federal Reserve cuts interest rates to bolster economy.
U.S. interest rate futures on Wednesday saw an increased probability of another interest rate increase by the Federal Reserve this year in September.
Likeliest outcome of Wednesday’s Federal Reserve announcement is also one that is apt to lift stocks, JPMorgan Chase & Co.’s trading desk says.
After more than a year of solid agreement that higher interest rates were needed, differences among policymakers have started to deepen.