The Treasury market continues to price in firmer odds of another rate hike by the end of the year. Notably, the policy sensitive 2-year yield edged up to 1.60% yesterday (Oct. 24) for the first time since 2008, signaling that a hawkish bias continues to dominate fixed-income trading.
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China’s President Xi lays groundwork for long rule: BBC
Despite Brexit, UK GDP growth picks up in Q3 to 0.4%: Sky News
US Composite Output Index rises to 9-month high in Oct: IHS Markit
Richmond Fed Mfg Index dips in Oct but still solidly positive: Richmond Fed
Rising earnings for key companies support market’s bullish trend: Bloomberg
Trump asks Senate Republicans for views on picking a new Fed chair: Reuters
US economic confidence improves after 2017’s first negative print: Gallup
US 10-year Treasury yield edges up to five-month high: MarketWatch