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Bond Market Update

  • The Market at 15:31 ET

    10-Year: +1/32…2.23…EUR/USD: 1.0697USD/JPY: 109.10

    Treasury Market Stands Its Ground

    • Minneapolis Fed President Kashkari (FOMC voter): Next rate move not important for long-term outlook; Kashkari is most dovish FOMC voter
    • March Existing Home Sales: Actual 5.71M, consensus 5.58M, Prior 5.48M
    • Vice Fed Chair Fischer on CNBC: 2 more rate hikes in 2017 seems appropriate; will discuss balance sheet unwinding in next few meetings, process will have effect on economy
    • ECB Chief Economist Peter Praet sees upside risk for European economy over short term