• 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.


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