- As expected the Fed hiked rates by 25 bps.
- Asian corporate bonds rallied post FOMC.
- US 10 year bond yields continue to decline, they are now at 2.14% and at the lows for the year.
- The next meeting is on July 27, with only a 2.5% chance of a hike. Should inflation and unemployment figures continue its course, the next hike is likely to be later in 2017.
