Wall Street concludes, down, a very strong month of October
November 1, 2022FED, NUOVO RIALZO DEI TASSI “JUMBO”. E ORA?
November 3, 2022Bond yields reverse course and rise as Chairman Powell answers reporters’ questions about monetary policy. Both the 10-year and the two-year had fallen to intraday lows right after the Fed’s decision to hike by 75 basis point and its statement referred to the lagging impact of monetary policy, which was perceived by analysts as a sign the pace of rate increases would slow in December. “Powell is dampening the prospects of a pause saying it’s premature to think on those term,” Spartan’s Peter Cardillo says in a note. The 10-year yield is at 4.05%, up from a 3.98% post-meeting low, and the two-year rises to 4.54% from 4.44%.