Lates News

Citigroup strategist Jason Williams said in a report that the U.S. Treasury market is experiencing a mild buyer's strike. He said the strong PMI data released last Wednesday further exacerbated the situation, while remarks by Federal Reserve officials last week remained very hawkish, "likely keeping buyers on the sidelines." He said: "The persistent hawkish rhetoric makes us wonder: since the median dot plot suggests one more rate hike, why did the dot plot in the September Summary of Economic Projections (SEP) not come across as more hawkish?"