Market move● Neutral for Indian equities
Treasury yields inch lower as investors pare back Fed rate hike bets
The brief
- US Treasury yields edged lower after the previous week’s sharp selloff
- Investors are awaiting minutes from the Federal Reserve’s last meeting
- Stocks upbeat, dollar wobbles as Fed hike bets recede
- Gold firms as easing Fed hike bets offset dollar strength
- Asian shares rise as softer US jobs data cools Fed rate-hike bets
- Let exchange rate act as shock absorber: IMF on Fed hike impact on India
- Fed and ECB minutes to detail inflation concerns as rate-hike bets fade