(Reuters) - Government bonds have tapped flight-to-quality flows after problems at two Bear Stearns' hedge funds renewed worries about the subprime mortgage sector and traders said caution was also creeping in before the Federal Reserve's two-day meeting begins on Wednesday.
While the Fed is expected on Thursday to leave its overnight lending rate unchanged at 5.25 percent, investors will scrutinize the wording of the statement accompanying the interest-rate verdict for clues on the future direction of monetary policy.
Read more at Reuters.com Bonds News
While the Fed is expected on Thursday to leave its overnight lending rate unchanged at 5.25 percent, investors will scrutinize the wording of the statement accompanying the interest-rate verdict for clues on the future direction of monetary policy.
Read more at Reuters.com Bonds News
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