Hawkish Powell Pummels Bonds As 5-10 Yield Curve Inverts
Image Source: Pexels
Fed Chairman Powell pointed to the potential need to raise by 50bp and more aggressive quantitative tightening during a Q&A session today. The result was an inversion in the yield curve with 5-year U.S. Treasury yields rising above the 10-year. Unfortunately, the dollar failed to materially strengthen on his comments and commodity prices continued to move higher, with oil up 7%! (XLE, CCJ, MOS, NOG, OXY, MPC, XLU, HYG, DBC).
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
