Any shift in tone that says hey, were happy with inflation now, would cause the market to accelerate the probability of rate hikes for this year, nudging expectations from three increases toward four, said Lisa Hornby, U.S. fixed-income portfolio manager at Schroders, in a phone interview.
Date: May 02, 2018
Category: Business
Source: Google
Treasury yields fall to lowest this month as oil rout worsens
The news rekindled fears of global currency devaluation and its disinflationary impact on U.S. prices, said Lisa Hornby, a fixed-income portfolio manager at Schroders. Those fears pushed Treasury yields lower despite the fact that the Fed is expected to raise interest rates next week.