The bond market rallied hard on news Larry Summers was no longer a candidate for the next Fed Chairman. However, after the dust settled we lost all morning gains by the end of the day. Treasuries advanced for a fifth day, the longest winning streak in almost a year. Consumer Price Gains have decreased to 1.6 percent in 2013. The trade volumes finally picked up yesterday ahead of the Fed taking the stage tomorrow. All eyes are on Ben Bernanke and his announcement tomorrow. Will they taper? If so, how much? We are all guessing…until tomorrow.
No comments:
Post a Comment