The market continued to assess the prospects for a slower pace of Federal Reserve rate hikes following last week's cooler-than-expected consumer inflation.
What’s happeningWhat’s driving markets Treasury yields edged lower as the market continued to assess the prospects for a slower pace of Federal Reserve rate hikes following last week’s cooler-than-expected consumer inflation data.What’s happening What’s driving markets Treasury yields edged lower as the market continued to assess the prospects for a slower pace of Federal Reserve rate hikes following last week’s cooler-than-expected consumer inflation data.
Fed speakers on Tuesday include Philadelphia Fed President Patrick Harker talking about the economic outlook at 9 a.m. and Fed Vice Chair Michael Barr testifying on regulation at the Senate Banking Committee, starting at 10 a.m. All times Eastern. There was better news on inflation from Europe, where the month-on-month German wholesale prices index fell 0.6% in October compared to a 1.6% advance in September. The year-on-year figure dropped to 17.4% from 19.9%. The yield on the German 10-year bund TMBMKDE-10Y fell 1.8 basis points to 2.129%.
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