• Reading from statement, Tsys rebound with bonds looking to test post-release highs: USM3 at 131-03 (+103) vs. 131-13 high, as Chairman Powell notes the Fed "no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation. Instead, we now anticipate some additional policy firming may be appropriate."
  • Yield curves forging steeper with 2s10s +5.961 at -50.379 with short end outperforming, TUM3 +13.5 at 103-16.5.

US TSY FUTURES: Bonds Gaining Again as Chairman Powell Discusses Inflation

Last updated at:Mar-22 18:43By: Bill Sokolis
  • Reading from statement, Tsys rebound with bonds looking to test post-release highs: USM3 at 131-03 (+103) vs. 131-13 high, as Chairman Powell notes the Fed "no longer state that we anticipate that ongoing rate increases will be appropriate to quell inflation. Instead, we now anticipate some additional policy firming may be appropriate."
  • Yield curves forging steeper with 2s10s +5.961 at -50.379 with short end outperforming, TUM3 +13.5 at 103-16.5.

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