US 2 Year Yield Hits 1% Awaiting FOMC

March 16, 2016 Share Print 0

U.S. government debt prices traded lower on Wednesday as investors digested U.S. economic data while awaiting the end of the latest Federal Open Market Committee (FOMC) meeting.

Data releases included housing starts, which rose 5.2 percent last month, and Consumer Price Index data, which showed a 0.2 percent fall, in line with expectations. Industrial production data for February showed an output fall of 0.5 percent.
The FOMC is due to conclude its two-day meeting on Wednesday with the 2 p.m. ET release of its statement and economic projections. Those include the highly scrutinized “dot plot,” which shows the targets for appropriate federal funds rates by FOMC participants.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.