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Bond Market Update

  • The Market at 15:24 ET

    10-Year: -3/32…2.402…EUR/USD: 1.1743USD/JPY: 113.56

    Treasury Market Stands Its Ground

    • -- FOMC begins two-day policy meeting: 25-basis point rate hike expected tomorrow
    • -- November NFIB Small Business Optimism (actual: 107.5; previous: 103.8)
    • -- November PPI (actual: 0.4%; Briefing.com consensus: 0.4%; previous: 0.4%) and core PPI (actual: 0.3%; Briefing.com consensus: 0.2%; previous: 0.4%)
    • -- $12 bln 30-yr bond reopening meets decent demand