Lates News

With the rise in oil prices due to the situation in the Middle East, American bond market traders are closely monitoring this week's Federal Reserve meeting to evaluate officials' views on inflation prospects. The market generally expects the Fed to keep interest rates unchanged on Wednesday, but traders tend to believe that there will still be rate cuts before the end of the year. Intermarket data on Friday showed that the probability of rate cuts before the end of the year had risen to around 40%. This trend may pave the way for Kevin Warsh, nominated by Trump to lead the Fed in the future and implement a looser policy. Against this backdrop, traders will carefully listen to current Chairman Powell's remarks at the press conference after the meeting for the latest information on his plans after his term ends in May next year. Meanwhile, this week will also see a series of US bond auctions, including 2-year and 5-year notes, to test market demand at current yield levels.